These Analysts Boost Their Forecasts On Salesforce Following Strong Q2 Results

Salesforce Inc (NYSE:CRM) on Wednesday reported better-than-expected second-quarter financial results and raised its FY27 guidance.

Salesforce delivered second-quarter revenue of $11.35 billion, beating the consensus estimate of $11.32 billion. The enterprise software company posted adjusted earnings of $5.90 per share, beating estimates of $3.27 per share, according to Benzinga Pro.

Salesforce raised its fiscal 2027 revenue outlook from a range of $45.9 billion to $46.2 billion to a new range of $46.1 to $46.4 billion, versus estimates of $46.11 billion. The company raised its full-year adjusted earnings guidance from a range of $14.06 to $14.12 per share to a new range of $16.67 to $16.71 per share, versus estimates of $14.14 per share.

“We just delivered one of our best quarters ever, outperforming across every key metric,” said Marc Benioff, Chair and CEO, Salesforce. “AI is delivering value across every layer of our platform. We’re seeing incredible demand for our AI and data products, with ARR about to cross $4 billion. And with AIforce, our trusted enterprise harness, we’re unlocking the data, workflows, business logic, actions, and governance inside Salesforce and making it available to every agent, model, and interface. This is how we are turning AI into customer success at unprecedented scale.”

Salesforce shares jumped 11.2% to $228.55 in pre-market trading.

These analysts made changes to their price targets on Zoom following earnings announcement.

• BTIG analyst Allan Verkhovski maintained the stock with a Buy and raised the price target from $255 to $300.
• Evercore ISI Group analyst Kirk Materne maintained the stock with an Outperform rating and raised the price target from $250 to $290.
• Truist Securities analyst Terry Tillman reiterated the stock with a Buy and raised the price target from $280 to $300.
• DA Davidson analyst Gil Luria maintained the stock with a Neutral and raised the price target from $175 to $200.

Considering buying CRM stock? Here’s what analysts think:

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