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Guggenheim Sees $270 Price Target for Salesforce Amid AI Strength

Guavy AI Editorial Team
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Guggenheim Securities has raised its price target for Salesforce stock to $270, citing the company's strong second-quarter results and AI momentum.

The current price of Salesforce stock is $205.62, and Guggenheim notes that it trades at a low price relative to its earnings growth potential, with an attractive PEG ratio of 0.6.

Salesforce's CFO Robin Washington attributed the company's strong performance to net new annual order value growth, which was the strongest in four years.

Washington also noted that Salesforce had near record low attrition and impressive gross profit margins of 77.6%.

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