Phillip Securities analyst Paul Chew maintained a Buy rating on Salesforce today and set a price target of $253.00.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Paul Chew has given his Buy rating due to a combination of factors including solid FY26 execution and a favourable outlook for FY27. Salesforce slightly exceeded his earnings expectations, with adjusted profit and EPS both coming in above forecast, and he anticipates double‑digit revenue growth next year, driven primarily by strong momentum in the Platform Cloud segment even as Commerce and Analytics clouds soften.
He also highlights expanding AI-related revenue streams, noting rapid growth in Agentic AI offerings and high uptake among existing customers, which support margin expansion as AI infrastructure costs decline. In addition, the sizeable US$50bn share repurchase authorization, coupled with multiple AI monetization levers and resilience to competitive AI threats, underpins his confidence in future cash flows and justifies maintaining a Buy rating despite a higher WACC and slightly lower terminal growth assumptions in his valuation model.
Chew covers the Technology sector, focusing on stocks such as Salesforce, Palantir Technologies, and Adobe. According to TipRanks, Chew has an average return of 21.2% and a 67.42% success rate on recommended stocks.
In another report released on February 27, Goldman Sachs also maintained a Buy rating on the stock with a $281.00 price target.