Salesforce Shares Rise on Analyst Upgrade
Shares of Salesforce (NYSE: CRM) rose more than 3.9% after a Citi analyst upgraded the stock's price target, signaling cautious optimism ahead of its upcoming quarterly report. Citi analyst Tyler Radke raised his price target for Salesforce to $204 from $187 while maintaining a neutral rating. The adjustment came as channel checks showed modest improvement compared to Q1 and aligned with Wall Street’s expectations for the second quarter, which includes revenue guidance of around $11.3 billion and adjusted EPS of $3.26. The stock has faced pressure due to concerns over AI disrupting traditional SaaS models but is adapting by integrating agentic AI tools into its offerings through platforms like Agentforce. Salesforce also reported strong RPO growth, which supports future revenue potential.
