Salesforce Earnings Report Looms: Will Analyst Upgrades Finally Hold?
A recent upgrade by Citi analyst Tyler Radke to $204 from a previous target of $187 for Salesforce's CRM, citing improvement in Agentforce deployment, has failed to hold as the stock reversed losses after initially rising 3.82% on Tuesday.
This pattern is not new, as seven weeks and counting, Wall Street's most prominent bullish calls have each produced a pop and then given it back.
On August 13, JPMorgan analyst Samik Chatterjee resumed coverage with an Overweight rating and $250 price target, but the stock only briefly hit $201.37 before reversing to $196.21 on Friday.
This reversal is not a data point, but rather a pattern that suggests every upgrade is treated as temporary noise until Salesforce's August 26 earnings report produces a specific number, cRPO growth rate and Q3 guidance, confirming the company's promised second-half revenue reacceleration.