UBS has increased its price target for Salesforce to $360, while keeping a "Neutral" rating on the stock.
This adjustment was made by analyst Karl Keirstead in response to the recent rally in the software sector, indicating a more positive outlook for the company.
The revised price target reflects UBS's higher expectations for Salesforce's performance in the market.
This update is part of a broader analysis of trends in the software industry, which has experienced significant growth.
The report, published on November 22, 2024, provides UBS's strategic assessment of Salesforce in light of changing market conditions.