BMO Capital analyst Keith Bachman kept his Outperform rating and $185 price target on Salesforce, also updating his model to reflect the company's Tableau acquisition and lowering its FY20 and FY21 EPS estimates by 9c and 16c to $2.79 and $3.22 respectively. The analyst believes the company had a "solid" July and that the stock is "very attractively valued" in the high-growth software space, but also notes that its "aggressive" M&A strategy has continued to push out the expansion of its margins while negatively impacting its year-to-date performance.