Stocks
Monness, Crespi, Hardt Raises Salesforce Price Target to $266
Salesforce's second-quarter fiscal 2027 results exceeded expectations, prompting analyst Monness, Crespi, Hardt to raise its price target on Salesforce stock to $266 from $222.
The firm maintains a Buy rating on the shares and notes that the company is well-positioned to participate in generative AI with a strong cloud portfolio and new innovations.
Salesforce's management has indicated that the business is poised for reacceleration in the latter half of fiscal year 2027, following a positive sentiment among analysts regarding Salesforce's future prospects.