Wall Street Bullish on Salesforce (CRM), Here’s Why

​Salesforce, Inc. (NYSE:CRM) is one of the Best Technology Stocks to Invest in for the Long Term. Wall Street is bullish on Salesforce, Inc. (NYSE:CRM) since the company topped revenue and EPS estimates for its fiscal second quarter of 2026.

​The company posted a revenue of $10.24 billion, up 9.77% year-over-year and ahead of consensus by $98.41 million. The EPS of $2.91 also topped estimates by $0.13. Management noted that in addition to this outperformance, the current remaining performance obligation (cRPO), which indicates future revenue under contract, also rose 11% year-over-year to $29.4 billion. Management projects next quarter’s revenue between $10.24 billion and $10.29 billion, reflecting 8% to 9% year-over-year growth.

​Several analysts have expressed optimism after the release. On September 5, Saiyi He from CMB International Securities reiterated a Buy rating on the stock, with a price target of $388. Later, on September 8, Paul Chew from Phillip Securities also reiterated a Buy rating on Salesforce, Inc. (NYSE:CRM) with a price target of $364.

​Salesforce, Inc. (NYSE:CRM) provides customer relationship management (CRM) technology that integrates AI to help businesses improve sales, service, marketing, and commerce.

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Disclosure: None. This article is originally published at Insider Monkey.