Morgan Stanley Lifts Salesforce, Inc. (CRM)’s Price Target to $404, Maintains Overweight Rating

On Thursday, Morgan Stanley lifted Salesforce, Inc. (NYSE:CRM)’s stock price target from $393 to $404, while maintaining an Overweight rating for its shares. The firm’s revision followed the company’s Q1 FY26 earnings call, in which it announced beating profit expectations and raised guidance for the full year.

A customer service team in an office setting using the company’s Customer 360 platform to communicate with customers.

The analysts described Salesforce, Inc. (NYSE:CRM)’s cRPO growth of 11% during the first quarter as an encouraging sign, given the current spending environment. This, coupled with raising fiscal 2026 guidance by $400 million, reflected the company’s resilience and growth potential, they said.

Morgan Stanley also noted the growing momentum behind Data Cloud and Agentforce as further evidence of Salesforce, Inc. (NYSE:CRM)’s strong position in the AI sector. Considering these factors, the firm raised its prior price target for the stock by 3%, suggesting the earlier estimates were conservative.

The firm reiterated its Overweight rating for Salesforce, Inc. (NYSE:CRM), indicating its confidence in the company’s current trajectory and future performance.

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