Bank of America Upgrades Salesforce to Buy, Raises Target to $285
Bank of America upgraded Salesforce from underperform to buy and raised its price target to $285 from $160. Salesforce shares rose Monday.
Salesforce shares rose Monday after Bank of America upgraded the stock to "buy" from "underperform" and lifted its price target to $285 from $160. The bank cited Salesforce’s AI strategy, which it said is designed to protect the company from being disintermediated.