Wall Street Analysts Boost Salesforce Price Targets to $160-$400
Major Wall Street analysts have updated their ratings for Salesforce (CRM.US) after releasing new forecast ranges between $160 to $400. Analysts from J.P. Morgan, BofA Securities, Citi, Barclays, and TD Cowen provided revised price targets following a significant update on September 17.
J.P. Morgan's Samik Chatterjee maintains a 'buy' rating with a target price of $265, while BofA Securities' Tal Liani keeps a 'sell' rating with a target price of $160. Citi analyst Tyler Radke adjusts his rating to 'hold' with an updated target price from $233 to $263.
Barclays' Raimo Lenschow and TD Cowen's Derrick Wood both maintain their 'buy' ratings, with target prices at $276 and $300 respectively. The new forecast ranges reflect a significant increase in potential value for the company.