1250 ET - Salesforce's latest quarterly results provide the clearest sign yet that the software company's organic revenue growth has troughed, Deutsche Bank analysts say in a note. The company now looks like it's working its way up, with a clearer path for reacceleration in the second half of the year, they say. The analysts say they are increasingly confident in Salesforce's ability to accelerate given a combination of particularly strong growth in net new average order value in the first half of the year, as well as Slack's fastest quarterly net new AOV since its acquisition. The analysts keep their buy rating on the stock and raise their price target to $275 from $255.
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