Sustainable Growth Advisers (SGA) lowered its target for Salesforce (CRM) to below average in its Q2 2026 letter to investors.
SGA noted that Salesforce underperformed in the quarter, and investor sentiment was cautious as its results only met guidance targets. Although Salesforce management reiterated its full-year guidance and long-term double-digit organic growth target through 2029, and expects low double-digit earnings growth over the next three years, SGA still decided to lower its position target. Salesforce's current remaining performance obligation (cRPO) growth rate was 9%, and Agentforce's annualized recurring revenue reached $1.2 billion, growing by 205%.
Source:Yahoo财经 · Source Link
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