- Analysts adjusted their price targets on Salesforce.com Inc (NYSE:CRM) post Q4 results.
- Citi analyst Tyler Radke raised the firm's price target on Salesforce to $233 from $220 (11.5% upside) and kept a Neutral.
- The company "delivered a reassuring" Q4 and outlook, which should help alleviate concerns around the health of the front office and general IT spending.
- UBS analyst Karl Keirstead raised the firm's price target on Salesforce to $225 from $210 (7.8% upside) and kept a Neutral.
- The company's Q4 results were "solid," and evidence suggests that its growth profile is proving to be "durable" even with the second anniversary of the pandemic approaching.
- Piper Sandler analyst Clarke Jeffries maintained Salesforce with an Overweight and lowered the price target from $365 to $330 (58% upside).
- Price Action: CRM shares traded higher by 3.89% at $217.01 in the premarket on the last check Wednesday.
