Stocks
Salesforce Shares Surge After Analyst Upgrade
Salesforce (NYSE:CRM) shares rose 1.8% on Friday after Wolfe Research upgraded the stock from a hold rating to a strong-buy rating.
The upgrade came as part of a series of analyst moves, with Truist Financial reiterating its buy rating and increasing its target price to $300.00.
Salesforce has seen a number of positive sentiment factors in recent news, including beat-and-raise results that improved the growth outlook and operating indicators suggesting a potential organic reacceleration.