Oppenheimer Keeps Buy Rating for Salesforce with USD 275 Target

Oppenheimer has maintained its Buy rating for Salesforce stock, setting a price target of USD 275.00 as of September 29, 2026. This reaffirmation comes on the heels of Salesforce's strong second-quarter fiscal 2027 performance, which provided the foundation for the optimistic outlook.

The company reported revenue of USD 11.35 billion for the quarter ending July 31, 2026, marking a 10.80% increase year-over-year. Adjusted earnings per share reached USD 5.90, significantly surpassing the consensus estimate of USD 3.27 by USD 2.63. Revenue also exceeded expectations, topping the USD 11.33 billion forecast by USD 0.02 billion.

Salesforce has raised its fiscal 2027 revenue guidance to a range of USD 46.10 billion to USD 46.40 billion, up from the previous USD 45.90 billion to USD 46.20 billion. Adjusted earnings guidance was also lifted to USD 16.67 to USD 16.71 per share from USD 14.06 to USD 14.12. The company's operating cash flow for the second quarter reached USD 1.27 billion, a 71.50% year-over-year increase, while free cash flow rose 81.50% to USD 1.10 billion.

As of October 6, 2026, Salesforce stock was trading at EUR 206.48 on Lang & Schwarz, up 0.83% from the prior close of EUR 204.78. On the NYSE, the stock closed at USD 229.79 on October 5, 2026, within a 52-week range of USD 146.32 to USD 269.11.