24/7 Wall St. assigned a "Buy" rating to Salesforce with a price target of $363.85, implying an upside of approximately 49% from its closing price on September 9.
The rating is based on Salesforce's Q2 FY2027 earnings report released on August 26, which showed the company's revenue reaching $11.35 billion, a 10.8% year-over-year increase. Non-GAAP EPS was $5.90, significantly exceeding market expectations of $3.27. Concurrently, Salesforce raised its FY2027 revenue guidance to $46.1 billion-$46.4 billion, and Agentforce's Annual Recurring Revenue (ARR) surpassed $1.5 billion, growing over 240% year-over-year.
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