Salesforce Stock Soars After BMO Capital Markets Raises Price Target
Salesforce's stock received a boost as BMO Capital Markets raised its price target from $260 to $285. This increase suggests a potential upside of 13.71% from the company's current price.
The firm currently has an 'outperform' rating on Salesforce's stock, and other analysts have also issued positive reports on the CRM provider. Evercore reissued an 'outperform' rating, while Citizens Jmp restated a 'market outperform' rating with a target of $315 per share. Canaccord Genuity Group raised its price target from $270 to $300.
Salesforce's recent quarterly earnings data showed the company beat analyst estimates, reporting $5.90 EPS and revenue of $11.35 billion. The firm has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS.