News Summary

• On November 25, Cantor Fitzgerald reiterated its Overweight rating on the stock with a $325.00 price target.
• The rating affirmation follows discussions with Salesforce partners regarding current demand conditions.
• Three of the four partners reported meeting their third-quarter targets and that they are on track to achieve their financial goals.
• The fourth partner, who didn’t meet Q3 targets, cited specific circumstances which have been unrelated to the overall demand environment.
• This partner, however, is now experiencing double-digit bookings growth for the fourth quarter.