UBS Lifts Salesforce Stock Target Price Amid Earnings Beat
Salesforce (NYSE:CRM) stock has seen its target price lifted to $240.00 by equities researchers at UBS Group, up from a previous estimate of $210.00.
The firm currently maintains a 'neutral' rating on the CRM provider's stock, which suggests a potential downside of 3.66% from the stock's previous close.
This is not the only positive update for Salesforce this week. On Wednesday, August 26th, the company reported earnings that beat expectations, with adjusted earnings of $5.90 per share and revenue rising 10.8% year over year to $11.35 billion.