Salesforce (CRM, Financial) is set to announce its first-quarter earnings, with analysts largely optimistic about the cloud software company's performance. Out of 23 analysts tracked by Visible Alpha, 18 have rated the stock as "buy" or equivalent, 4 as "hold," and 1 as "sell." The consensus price target is approximately $364, suggesting a 33% upside from last week's closing price. Since 2025, Salesforce's stock has declined by about 18%.
The company is expected to report first-quarter revenue of $9.75 billion, marking a 7% year-over-year growth, with adjusted earnings per share of $2.55, up from $2.44 the previous year. Oppenheimer has highlighted Salesforce as one of the "healthiest long-term earnings growth cases" among software companies, citing strong momentum in its AI platform, Agentforce, and maintaining a $380 price target.
However, Citi analysts have taken a more cautious stance on Agentforce, lowering their price target from $335 to $320, citing the need for more substantial data on AI product commercialization. Meanwhile, Deutsche Bank has reaffirmed a more optimistic price target of $400, and Jefferies maintains a $375 target.
