KeyBanc Lowers Price Target on Salesforce to $290 From $300 While Maintaining 'Overweight' Rating
Following a strong Q1 earnings report, KeyBanc analyst Jackson Ader reduced the price target for Salesforce (CRM) from $300 to $290 but maintained an 'Overweight' rating. The firm cited in-line organic growth and a reiteration of guidance as acceptable amid investor concerns about sluggish performance.
Tickers: $CRM
Topics: Earnings Beat KeyBanc SaaS Stocks Salesforce