CMB International Securities analyst Saiyi He maintained a Buy rating on Salesforce yesterday and set a price target of $392.00.
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Saiyi He has given his Buy rating due to a combination of factors that highlight Salesforce’s strong financial performance and growth potential. The company reported a 9% year-over-year increase in total revenue for the third quarter of fiscal year 2026, reaching $10.3 billion, which aligns with market expectations. Notably, the non-GAAP operating income rose by 17% year-over-year, surpassing consensus estimates by 4%, driven by efficient expense management and adjustments in bad debt expenses.
Additionally, Salesforce’s robust growth in its Agentforce and Data 360 segments, with annual recurring revenue (ARR) increasing by 114% year-over-year, demonstrates its strong market position. The company’s strategic focus on expanding its product offerings in areas like IT service management, life sciences cloud, and public sector solutions further supports its growth trajectory. Enhanced operating efficiency, evidenced by a 2.4 percentage point increase in non-GAAP operating margin, and a positive outlook for operating cash flow growth, reinforce the Buy rating as Salesforce is well-positioned to achieve its long-term financial targets.
In another report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $340.00 price target.
CRM’s price has also changed slightly for the past six months – from $263.170 to $247.460, which is a -5.97% drop .