Salesforce price target raised to $250 from $240 at Mizuho

Mizuho raised the firm’s price target on Salesforce to $250 from $240 and keeps a Buy rating on the shares after the company announced it is raising list prices by 9% on average across several of its major clouds. This represents Salesforce’s first price increase in seven years and follows its recent announcements pertaining to generative artificial intelligence, the analyst tells investors in a research note. The firm believes Salesforce “remains well situated to help its vast customer base manage revenue and process optimization via digital transformation.”