Goldman Sachs sees Salesforce rallying more than 50% after strong earnings

Salesforce 's latest earnings have Goldman Sachs even more excited for the tech stock's future. Shares advanced 5.3% before the bell on Thursday. A day earlier, Salesforce reported fiscal second-quarter earnings and revenue that beat expectations , while also issuing better-than-forecasted guidance for the current quarter. Goldman Sachs analyst Kash Rangan raised his price target on Salesforce by $15 to $340 per share, implying upside of 58.1%. Rangan has a buy rating on the stock. With Salesforce's operating margin exceeding 30% for the firm time, it notched a milestone the...