Analysts adjusted their price targets on Salesforce.com Inc. post Q4 results.
Citi analyst Tyler Radke raised the firm’s price target on Salesforce to $233 from $220 (11.5 percent upside) and kept a Neutral.
The company “delivered a reassuring” Q4 and outlook, which should help alleviate concerns around the health of the front office and general IT spending.
UBS analyst Karl Keirstead raised the firm’s price target on Salesforce to $225 from $210 (7.8 percent upside) and kept a Neutral.
The company’s Q4 results were “solid,” and evidence suggests that its growth profile is proving to be “durable” even with the second anniversary of the pandemic approaching.
Piper Sandler analyst Clarke Jeffries maintained Salesforce with an Overweight and lowered the price target from $365 to $330 (58 percent upside).
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