Citizens Reiterates Market Outperform Rating on Salesforce Ahead of Earnings Report

Citizens Financial Group has maintained its Market Outperform rating on Salesforce (NYSE:CRM) ahead of its second-quarter fiscal 2027 earnings report. The firm's industry checks showed improvement, with 50% of checks positive in the second quarter versus 22% in the first quarter.

Salesforce shares have fallen 18% year to date compared to 12% gains for both the S&P 500 and the Russell 3000. However, the stock has rallied 28% over the last 30 days versus 3% for these indices.

Citizens' price target remains at $315.00. Multiple brokerages have weighed in on Salesforce ahead of its earnings report, with Oppenheimer maintaining an Outperform rating and Cantor Fitzgerald reiterating an Overweight rating.