Wells Fargo lowered the firm’s price target on Salesforce (CRM) to $310 from $345 and keeps an Equal Weight rating on the shares. The firm notes that the firm’s Q4 results and guide missed expectations, yet the setup still looks challenged as the initial guide sets a tough bar, likely keeping shares range-bound. Focus is still on Data Cloud/AI at $900M ARR as agent wars intensify, Wells adds.
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