RBC Capital analyst Rishi Jaluria reiterated Salesforce Inc (NYSE: CRM) with an Outperform and a $240 price target.
The analyst went to Dreamforce in San Francisco in person, listening to several keynotes and speaking to over a dozen partners.
Also Read: Salesforce Embarks on Hiring Spree, Adding 3,300 New Faces to Drive Growth
The demand trends seem unchanged, and the AI story continues to take shape, with a near-term focus on building a more integrated platform and laying the data foundation needed to derive value from AI, announced freemium offerings for Data Cloud and Tableau and introduced plans for a Pharma CRM, to no surprise.
The analyst projects a Q3 revenue of $8.71 billion vs. consensus $8.12 billion and ...