Salesforce price target raised to $380 from $315 at Truist

Truist analyst Terry Tillman raised the firm’s price target on Salesforce (CRM) to $380 from $315 and keeps a Buy rating on the shares. After attending last week’s Salesforce’s Agentforce World Tour event, Truist is incrementally confident in consistent compounding earnings and cash flow, as an increased innovation cycle and new product catalysts could help positively inflect revenue growth going forward, the analyst tells investors in a research note.