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Salesforce Stock Soars on Analyst Price Target Hike

Guavy AI Editorial Team
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Salesforce stock experienced a significant rally on Tuesday, reaching as much as a 4.4% increase in value.

This uptick comes after analyst fears about AI-related threats to software companies had battered Salesforce's stock.

Citi analyst Tyler Radke maintained a neutral rating for the company but raised his price target to $204 from $187, representing a 7% upside from Monday's closing price.

Salesforce's forecast calls for revenue of $11.31 billion and adjusted earnings per share (EPS) of $3.26 in its fiscal 2027 second-quarter financial report, due on August 26.

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