Truist Securities Reiterates Buy Rating on Salesforce (CRM) Stock
Salesforce, Inc. (NYSE:CRM) is one of the Best Wide Moat Stocks to Buy Right Now. The company enjoys a wide economic moat, which is backed by significant customer switching costs and network effects. On October 7, Truist Securities reiterated its “Buy” rating on the company’s stock and price objective of $400.00, highlighting potential catalysts, which can improve investor sentiment. The firm noted that some investors have tagged Salesforce, Inc. (NYSE:CRM) as a value trap. However, the firm is confident t ...