MSFT - Salesforce's Uncertain Long-term Growth Saga: This Analyst Prefers Adobe & Microsoft More | Benzinga
BMO Capital Markets analyst Keith Bachman reiterated the Outperform rating on Salesforce, Inc. (NYSE: CRM), lowering the price target to $252 from $262.
The analyst forecasts 10% growth and about 150bps of FY25 margin expansion, which includes mid-single-digit growth in sales & marketing expenses.
However, the analyst lowered the target price due to uncertainty on long-term growth. The analyst remains Outperform but prefers Adobe Inc (NASDAQ: ADBE) ...