Citigroup Boosts Salesforce Price Target to $233.00 Amid AI-Fueled Growth

Citigroup has raised its price objective for Salesforce (NYSE:CRM) to $233.00 from $204.00, citing strong potential for price appreciation.

This move is part of a broader trend among analysts who are bullish on the CRM provider's stock. Truist Financial has reaffirmed its 'buy' rating and raised its target price to $300.00, while Guggenheim also gave Salesforce a 'buy' rating with a target of $228.00.

Salesforce reported better-than-expected earnings for Q2 2027, beating analyst estimates by $2.63 per share. Revenue rose 10.8% year-over-year to $11.35 billion, also exceeding forecasts. The company's management attributed this success to a surge in AI usage and the integration of its 'Claudeforce' platform with Anthropic's Claude technology.