Salesforce Price Target Raised to $300 on Anthropic Partnership
TD Cowen raised its price target for Salesforce stock (NYSE:CRM) to $300 from $280, citing the recent partnership between the company and Anthropic.
The analyst firm views this alliance as a significant development in the software-as-a-service landscape, with potential benefits for both parties involved.
InvestingPro analysis suggests that Salesforce shares remain undervalued at current levels, despite a 25% surge over the past week and a trading price near its 52-week high of $269.