Reported 1 day ago
BofA Securities has reaffirmed its Buy rating for Salesforce (CRM), while lowering the price target from $350 to $325. Following discussions with key partners, the firm indicates that Q2 deal activity meets expectations but lacks significant upside, attributed to customers pausing digital transformation projects for evaluation. The company anticipates Q2 revenue to hit around $10.1 billion, reflecting a 7.4% year-over-year increase.
Source: YAHOO