TD Cowen Reiterates Buy Rating on salesforce.com (CRM)

TD Cowen analyst Derrick Wood reiterated a Buy rating and $375.00 price target on salesforce.com (NYSE: CRM).

The analyst commented: "Good 4Q with Data Cloud Strength; Conservative Guide Amidst CFO Transition; CRM reported 4Q cRPO growth of 11% cc, ~1.5% above guide, slightly stronger beat vs. 3Q but w/ higher early renewal benefit. 1Q cRPO guide was slightly ahead, though FY26 sub growth guide of ~9% cc slightly below our ~9.5%. Data Cloud strength & plans to accelerate sales hiring are strong demand indicators. We think guide incorporates extra conservatism given CFO shift. Maintain Buy, PT to $375."

For an analyst ratings summary and ratings history on salesforce.com click here. For more ratings news on salesforce.com click here.

Shares of salesforce.com closed at $307.33 yesterday.

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