Salesforce Soars After Beating Earnings Expectations

Salesforce stock continues its upward trend after the company reported strong financial results for Q2 2027, exceeding analyst expectations.

The cloud computing company posted revenues of $11.35 billion, beating analysts' predictions of $11.32 billion, and earnings per share (EPS) of $4.29, surpassing the anticipated $3.27.

Management also raised its fiscal 2027 revenue guidance to $46.1 billion to $46.4 billion from $45.9 billion to $46.2 billion, and diluted EPS guidance to $10.21 to $10.25 from $7.93 to $7.99.

In response to the improved outlook, analysts have increased their price targets for Salesforce stock, with Jefferies raising its target to $300 from $250 and Raymond James boosting its target to $310 from $290.