Raymond James analyst Brian Peterson made no change to the firm’s Strong Buy rating on Salesforce after the company announced a 9% average increase in list prices across Sales Cloud, Service Cloud, Marketing Cloud, Industries and Tableau. This is the company’s first list price increased in roughly 7 years, and the firm is not surprised to see Salesforce raise prices in the current environment, the analyst tells investors in a research note. The price increases should be well received by the market, the firm adds.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CRM:
- CRM Stock Jumps after Announcing Price Hike
- Salesforce up 4% to $221 after announcing price hikes
- Salesforce increasing list prices average of 9% in August
- CRM vs. SAP: Which Enterprise Software Stock is Better?
- ‘High-Quality Growth Is the Key’: Billionaire Ken Fisher Stays Heavily Invested in These 2 Quality AI Growth Stocks