Bank of America: ServiceCloud business will rebound, reiterates "buy" rating for Salesforce (CRM.US)

The Wisdom Finance APP learned that Bradley Sills of Bank of America reiterated a "buy" rating on Salesforce (CRM.US) with a target price of $350. This positive outlook is due to analysts believing that their largest business segment, Service Cloud, will experience a growth rebound. The Bank of America analyst team mentioned that they expect Service Cloud to achieve stronger growth in the coming quarters.