Sanford C. Bernstein Raises Salesforce Price Target Amid Strong Earnings

Salesforce (NYSE:CRM) has seen its price target raised by Sanford C. Bernstein from $173.00 to $195.00 in a research report issued to clients and investors on Thursday, according to Benzinga.

This follows other recent positive views on the CRM provider's stock. BTIG Research reiterated a 'buy' rating and issued a $255.00 target price, while Daiwa Securities Group reduced their target price from $295.00 to $280.00 but still set a 'buy' rating.

On Thursday, Salesforce reported adjusted earnings of $5.90 per share, well above the $3.27 consensus estimate, and revenue reached $11.35 billion versus expectations of approximately $11.33 billion.