TD Cowen Lifts Salesforce Price Target to $300 Amid Anthropic Partnership

TD Cowen has increased its price target for Salesforce stock to $300 from $280 while maintaining its rating on the shares.

The price target increase follows last week's announcement of a partnership between Salesforce and Anthropic, which TD Cowen described as a major development for the company and the software-as-a-service landscape.

Salesforce's stock has surged 25% over the past week and is trading near its 52-week high of $269, though analysis suggests the shares remain undervalued at current levels.