Deutsche sees ‘seasonally slow but steady’ quarter from Salesforce

Deutsche Bank expects Salesforce (CRM) to report a “seasonally slow but steady” start to fiscal 2027. It believes the company will likely meet “muted” fiscal Q1 expectations amid a “tenuous backdrop” for software-as-a-service. Deutsche’s field conversations leave it expecting less upside to Salesforce’s key metrics relative to recent quarters. The earnings report is unlikely to bring meaningful estimate revisions which “is required to sway sentiment and catalyze the stock,” the analyst tells investors in a research note. The firm has a Buy rating on the shares with a $255 price target