Salesforce Reports Strong Q2 Earnings, Boosts Guidance
Shares of Salesforce (NYSE: CRM) have surged in August, rising nearly 19.6% since the close of last Friday's trading session and climbing over 13.7% from July’s end through late August. The upward momentum is attributed to strong Q2 financial results and an improved outlook for fiscal 2027. Salesforce reported second-quarter revenue of $11.35 billion, exceeding the expected $11.32 billion, while earnings per share (EPS) came in at $4.29 against a forecasted $3.27. The company also raised its full-year 2027 guidance to between $46.1 billion and $46.4 billion for revenue and adjusted diluted EPS expectations from $7.93–$7.99 to $10.21–$10.25. Analysts have responded positively, with Jefferies raising its price target to $300 from $250 and Raymond James increasing it to $310 from $290.
