Truist Maintains Buy Rating on Salesforce Following $3.6 Billion Acquisition of Fin
On June 15, Truist maintained its 'Buy' rating for Salesforce (CRM) and set a price target of $280 after the company acquired Fin in a $3.6 billion deal valued at nine times annual recurring revenue. The acquisition is seen as a strategic move to leverage Salesforce’s ecosystem to accelerate Fin's growth.
Tickers: $CRM
Topics: AI adoption Fin acquisition Salesforce Truist analysis