Salesforce Stock Soars 4% Following Price Increase Announcement 
<p><a href='https://financialmodelingprep.com/financial-summary/CRM'>Salesforce.com (NYSE:CRM)</a> shares gained more than 4% intra-day today after the company announced a 9% price increase across various products.</p>
<p>Evercore ISI reiterated an Outperform rating and a price target of $240.00 on the company, highlighting that this is the first price hike in seven years for Salesforce, during which the company has made significant investments of over $20 billion in research and development and introduced 22 software releases with numerous features. This includes recent additions such as the AI Cloud and 'GPT' capabilities across its clouds.</p>
<p>The analysts believe that while some customers may express dissatisfaction with the price increase, considering the seven-year interval, a 9% increase seems reasonable. The analysts expect these price actions to provide positive momentum for Salesforce in the second half of 2024 and the first half of 2025.</p>

NYSE:CRM