Joseph K
Salesforce stock is on pace for its best month since 2020. Morgan Stanley thinks it can go higher
Analysts say there's 'significant opportunity to improve efficiency'
Salesforce Inc. stock could see its best monthly run since August 2020, albeit due to layoffs, a board shake-up and other moves to cut costs. But Morgan Stanley analysts on Monday said they still saw room to make operations leaner and boost profit.
Analysts at the bank raised their price target on Salesforce stock (CRM) to $236 from $228. They maintained their version of a buy rating on the stock.
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