Key Takeaways
- Salesforce is set to report quarterly results on Wednesday after the market closes.
- A majority of analysts tracked by Visible Alpha have a "buy" or equivalent rating for the company's stock.
- Salesforce's AI offering Agentforce is seeing "strong momentum," Oppenheimer analysts said.
Salesforce (CRM) is scheduled to report fiscal first-quarter results after the closing bell Wednesday, with analysts largely bullish on the cloud software company's stock.
Of the 23 analysts tracked by Visible Alpha, 18 have a “buy” or equivalent rating for the shares, with four “hold” ꦆratings and one “sell.” Their consensus price target of about $361 w🧔ould suggest 31% upside from Wednesday’s intraday level at $275.13. Shares of Salesforce are down about 18% for 2025 so far.
The customer relationship management software gian🍨t is expected to post first-quarter revenue of $9.75 billion, a roughly 7% jump year-over-year, and adjusted earnings per share of $2.55, up from 🔥$2.44 a year ago.
Last week, Oppenheimer called Salesforce “one of the healthiest long-term profitable growth stories” among software companies. While macro uncertainty raises risk, Salesforce’s AI platform Agentforce is seeing "strong momentum,” the analysts said, and maintained a target of $380.
Citi analysts have taken more of a wait-and-see approach to Agentforce, lowering their price target to $320 from $335, saying they “await more meaningful data points” around the AI offering’s commercialization. Meanwhile, Deutsche Bank recently reiterated its more bullish target of $400, and Jefferies maintained its at $375.
Salesforce announced Tuesday that it is 澳洲幸运5官方开奖结果体彩网:buying Informatica (INFAꦓ), paying about $8 billion for shares it doesn't already own for the AI-based data management software provider. The transaction is expected to close early in Salesforce’s fiscal year 2💝027.
UPDATE—May 28, 2025: This article has been updated since it was first published to include additional details and reflect more recent analyst estimates and share price values.