Salesforce price target raised to $275 from $250 at Truist

Truist analyst Terry Tillman raised the firm’s price target on Salesforce to $275 from $250 and keeps a Buy rating on the shares. The company’s Q2 results were “impressive”, particularly its “resilient” cRPO performance against continued measured buying patterns, the analyst tells investors in a research note. Salesforce has also achieved its target of above 30% EBIT margin three quarters ahead of schedule, with its multi-cloud customer adoption seen as noteworthy, and Data Cloud and generative AI is seeing meaningful early interest, the firm added.