Canaccord Lowers Salesforce (CRM) Target After ‘Fine, Not Great’ Quarter

Salesforce, Inc. (NYSE:CRM) is one of the Exciting AI Stocks to Watch Right Now. On September 4, Canaccord Genuity analyst David Hynes Jr. lowered the price target on the stock to $300.00 (from $350.00) while maintaining a Buy rating. According to the firm, Salesforce reported steady, but not outstanding FQ2 results. It noted how the management has acknowledged that much of the revenue upside in the quarter was timing driven, signifying upfront revenue recognition on licensed products (MuleSoft/Tableau) a ...