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Bank of America Boosts Salesforce Stance to Buy | Markets & Money News
Bank of America upgraded Salesforce's rating from sell to buy, significantly boosting its stock by 1.5%. The firm acknowledged they underestimated Salesforce's resilience amidst AI developments and set a new price target at $285, up from $160. Strong earnings and insights from chief information officers revealed a reluctance to replace critical platforms, suggesting AI may enhance rather than disrupt established systems. Salesforce’s growth and strategic partnerships indicate a solid position
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