Salesforce Price Target Raised to $300 by Canaccord Genuity Group

Salesforce's price target has been raised to $300 by Canaccord Genuity Group, with a potential upside of 19.70% from its current price.

This is not the only investment firm to raise their target for Salesforce; Argus and Cantor Fitzgerald have also increased their predictions, with the latter boosting its target to $300 and giving the company an 'overweight' rating.

Despite these positive predictions, Salesforce has faced some challenges, including a widespread service outage during Dreamforce that caused delays and errors in access to parts of its cloud software suite.