TD Cowen Reiterates Buy Rating on salesforce.com (CRM)

TD Cowen analyst Derrick Wood reiterated a Buy rating and $250.00 price target on salesforce.com (NYSE: CRM).

The analyst commented: "Mixed Checks Across Products/ Cohorts, Still Expect 2H Acceleration; CRM reports 1Q on 5/27. Checks were again mixed across products/cohorts, but Data Cloud demand remains robust and Agentforce adoption continues to progress. We expect in-line results/guide as we think Agentforce needs more time to bake to move the needle, but we still expect reacceleration in 2H. At ~10x EV/CY27E FCF, we maintain our Buy but still await stronger catalysts to develop in 2H."

For an analyst ratings summary and ratings history on salesforce.com click here. For more ratings news on salesforce.com click here.

Shares of salesforce.com closed at $176.31 yesterday.

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