UBS has given Salesforce a "Neutral" rating and set a price target of $360.
According to analyst Karl Keirstead, Salesforce's quarterly results and outlook for the final quarter were in line with expectations.
Keirstead also noted that SAP, a competitor of Salesforce, expressed a more positive view on demand trends compared to previous assessments. This change in sentiment suggests potential improvements in the software sector's performance going forward.
The analysis was published on December 4, 2024, at 04:17 GMT, providing insights into Salesforce's current market positioning amidst evolving industry dynamics.