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Bank of America Upgrades Salesforce to Buy, Targets $285

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Story summary
  • Bank of America upgraded Salesforce to Buy, reversing its Underperform rating.
  • Analyst Tal Liani said AI will deepen enterprise reliance on Salesforce platforms.
  • Salesforce shares rose about 3% to $236.83 in morning trading after the upgrade.
  • Bank of America raised its price target to $285, up from $160, implying roughly 24% upside from $229.13.