BMO Capital lowered the firm’s price target on Salesforce (CRM) to $275 from $280 and keeps an Outperform rating on the shares. The company reported a two percentage point beat in constant Remaining Performance Obligation, cRPO, primarily driven by bookings execution, though organic revenue results and guidance remained roughly in line with existing consensus estimates, the analyst tells investors in a research note. BMO adds however that despite solid CRPO growth, Salesforce will remain a “show-me” story until the company demonstrates better aggregate portfolio revenue performance in addition to solid bookings growth, which is possible in the second half of FY27.
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