Salesforce Price Target Raised at RBC Capital
<p>Analysts at RBC Capital increased their price target on <a href='https://financialmodelingprep.com/financial-summary/CRM'>salesforce.com, inc. (NYSE:CRM) </a>to $325 from $310 following their Dreamforce and the accompanying investor day attendance. According to the brokerage, the main highlight was margin commentary (particularly continued expansions on unit economics) and 2023 guidance that seems to imply ~300 bps of op. margin expansion ex-Slack. </p>

<p>Other takeaways the analysts highlighted include more granular insights into Salesforce’s M&A track record (which impressively showed some assets accelerating revenues at significantly larger scales) and the continued rapid integration of Slack.</p>
NYSE:CRM