Analysts hike Salesforce (CRM) stock targets after rare price hikes
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Evercore ISI Positive on salesforce.com (CRM): 'Price Hikes Could Provide A Potential Tailwind'
July 11, 2023 9:39 AM EDTEvercore ISI analyst Kirk Materne reiterated an Outperform rating and $240.00 price target on salesforce.com (NYSE: CRM).
The analyst comments "Earlier today, Salesforce announced a 9% price increase across Sales Cloud, Service Cloud, Marketing Cloud, Industries and Tableau. Importantly, this is the first price hike in 7 years, and in that time the company has invested +$20bn in R&D and delivered 22 new software releases + thousands of new features including the recently announced AI Cloud and GPT capabilities across its clouds. Specifically, the price increases are as follows: 1) Professional Edition... More
