Salesforce Upgraded On Software Price Increase Boost

Shares of enterprise software maker Salesforce (CRM) witnessed an upgrade from Baird, leading to a rise in stock prices. The upgrade from Baird came as the analyst predicted a positive outlook for CRM stock due to potential price increases, a rebound in corporate spending, and improved sales execution. Salesforce stock rose by 1% to $266.78 on Thursday. The stock had a remarkable gain of nearly 98% in 2023, surpassing the Nasdaq index’s growth of 43%. Salesforce is known for its subscription-based software that aids businesses in managing sales operations, customer relationships, and various other aspects. The stock currently holds a Relative Strength Rating of 93 out of 99 and an Accumulation/Distribution Rating of A.