Salesforce Likely To Gain From Multi-Cloud Adoption, Expansion Across Industries And Geographies, Analyst Says

  • Wedbush analyst Daniel Ives reiterated Outperform on Salesforce, Inc (NYSE: CRMwith a $215 price target.

  • Salesforce will report its Q3 results on November 30 after the close.

  • His checks on the quarter were generally positive, with some weak spots around lengthening sales cycles and isolated deal slippage seen in the U.S. and Europe.

  • He believes Industry Cloud deal activity was generally vigorous, Tableau and MuleSoft better than expected, and the more significant deal pipeline was solid…

Read More