Wells Fargo analyst Michael Turrin raised the firm’s price target on Salesforce (CRM) to $330 from $275 and keeps an Equal Weight rating on the shares. While the firm’s field work increased its confidence in an eventual Data Cloud plus AF product cycle, it’s likely captured by recent drift up in shares. Wells sees more attractive opportunities where GenAI could be monetized earlier, creating tough optics/setup for Salesforce shares into 2025.
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