Salesforce Valuation Gap Sparks Attention as Price Target Hits $348
Salesforce's valuation gap to Microsoft and ServiceNow is attracting attention. The company trades at 14x forward earnings, while its Agentforce and Data 360 ARR reached nearly $3.9B, up over 210% year-over-year.
The 24/7 Wall St. price target for Salesforce is $348.23, implying a 48.76% upside from the current close of $234.08. The recommendation is to buy with high confidence (90%).
Salesforce's Q2 FY27 earnings report exceeded expectations, with revenue rising 10.83% and non-GAAP EPS beating estimates. Management raised guidance for FY27 non-GAAP EPS to $16.67-$16.71.