Salesforce, activist investor Elliott may soon reach deal - sources
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Stifel adjusts estimates on Salesforce (CRM) as investors welcome activist involvement
February 17, 2023 12:16 PM EST(Updated - February 17, 2023 12:35 PM EST)
UPDATE: Updated to correct ratings change.
Stifel reiterated a Buy rating on Salesforce (NYSE: CRM) and raised the price target on the stock to $200.00 (From $175.00) after adjusting estimates to reflect slowing growth and expanding margins. Stifels expectation is that management will eventually revisit the timeline for achieving $50bn in total revenue and that recent layoffs and real estate rationalization will meaningfully pull forward the timeline for achieving 25% non-GAAP operating... More
