JPMorgan removed Salesforce from the firm’s Analyst Focus List but keeps an Overweight rating on the name with a $230 price target. The shares have risen 60% year-to-date, well ahead of the S&P 500 and Nasdaq, the analyst tells investors in a research note. The firm says some of the catalysts it anticipated have played out during this period of outperformance, including the “massive” margin expansion framework and buildup of generative artificial intelligence excitement.
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