Salesforce Stock Trades Below Yearly High Despite Strong Q2 Growth

Salesforce, Inc. (ISIN US79466L3024) reported strong fiscal Q2 2027 results, with revenue rising 10.8% to USD 11.35 billion, surpassing consensus estimates by a narrow margin. Earnings per share (EPS) exceeded expectations by a significant margin, coming in at USD 5.90 compared to the estimated USD 3.27. The company also raised its fiscal 2027 revenue guidance to USD 46.1 billion-USD 46.4 billion, indicating 11%-12% growth.

As of October 6, 2026, Salesforce's stock was trading at USD 228.10 on the NYSE, down 0.74% from the prior close. This price is 15.2% below its 52-week high of USD 269.11. The company's market capitalization stands at USD 186.8 billion. Analysts remain bullish, with a Buy consensus and an average price target of USD 281.08, which is 23.2% above the current trading price.

The company's focus on artificial intelligence expansion continues to drive growth, with remaining performance obligations rising 14% year over year to USD 33.5 billion. Adjusted EPS increased 103% to USD 5.90. Analysts such as BMO Capital Markets have raised their price targets, with BMO increasing its target from USD 250.00 to USD 285.00 while maintaining an Outperform rating.

Investors are closely watching Salesforce's execution on revenue guidance and AI monetization, as these factors will be crucial in the next valuation test. The stock's trading range on October 6, 2026, was between USD 227.55 and USD 232.65, with a volume of 1,581,832 shares.