On Friday, Stephens & Co. analyst Brett Huff adjusted Salesforce, Inc. (NYSE:CRM)’s price target to $309 from $311, while maintaining an Equal-Weight rating for its shares. The revision was one of numerous changes made following the company’s earnings call on May 28.
A customer service team in an office setting using the company’s Customer 360 platform to communicate with customers.
Despite a slight reduction in the stock’s price target, Huff’s analysis suggests a constructive view of Salesforce, Inc.’s trajectory. He expressed optimism about the company’s recent initiatives and highlighted the increased focus on integrating its products with INFA features, enhancing customer success, and improving return on investment (ROI).
The analyst noted additional account executive hirings and the strong potential of Agentforce as positive developments for Salesforce, Inc.. Huff also believes the latest earnings report was better than the early market reaction on Thursday suggested.
Salesforce, Inc. reported a revenue of $9.8 billion for Q1 FY26, up 8% year-over-year. Non-GAAP diluted EPS stood at $2.58, beating expectations by three cents. A major highlight during the quarter was an 11% growth in cRPO, which was encouraging, given the current spending environment. The company also raised its full-year guidance.
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