Salesforce Earns 'Buy' Rating from Jefferies Financial Group Amid AI Disruption Risks
Salesforce has received a 'buy' rating from Jefferies Financial Group. The stock's market cap is $196.74 billion, and its P/E ratio is 21.78. In August, Salesforce reported earnings per share of $5.90, beating analysts' expectations by $2.63.
The company has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Analysts predict that Salesforce will post 12.82 earnings per share for the current year.
Jefferies Financial Group is not alone in its positive assessment of Salesforce. Several other analysts, including Cantor Fitzgerald and Stifel Nicolaus, have also given the company a 'buy' rating. However, AI disruption remains a risk for the company, with some critics arguing that large installed customer bases can make it difficult to adapt quickly as AI changes enterprise software.