Salesforce Price Target Soars to $266 as Q2 Earnings Exceed Expectations

Salesforce's price target has been raised to $266 by Monness Crespi & Hardt, representing a potential upside of 29.12% from its current price of $206.01.

This latest prediction comes after the company reported strong quarterly earnings results on August 26th, beating analyst estimates with adjusted EPS of $5.90 and revenue of $11.35 billion, up 10.8% year over year.

The research firm currently has a 'buy' rating on Salesforce's stock, which has been steadily increasing in value this year, with its market capitalization now at $168.72 billion.