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KeyBanc Sticks with Sector Weight Rating on Salesforce Amid Earnings Strength

Guavy AI Editorial Team
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CRM
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KeyBanc has reaffirmed its Sector Weight rating on Salesforce stock after the company's latest earnings report.

The firm highlighted strong current remaining performance obligation growth and bookings that exceeded expectations, as well as the company's maintained guidance for acceleration in the second half of the year.

Salesforce trades at a price-to-earnings ratio of 23.86 with a PEG ratio of 0.6, suggesting the stock may be undervalued relative to its growth prospects.

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