Salesforce target raised to $380 on strong AI strategy prospects By Investing.com
On Monday, CFRA adjusted its outlook for Salesforce.com (NYSE:), increasing the 12-month price target from $343.00 to $380.00. The firm maintained its Strong Buy rating on the stock, citing potential growth driven by the company’s artificial intelligence (AI) strategy.
The analyst at CFRA noted that the new price target is based on a revised price-to-earnings (P/E) ratio of 30 times the calendar year 2026 (CY26) earnings per share (EPS) estimate, which is aligned with peers but remains below historical levels.
The forecast for fiscal year 2025 (ending in January) EPS is held at $10.07, and for FY26 at $11.10, with a new FY27 EPS target initiated at $12.68.
As Salesforce prepares to release its October-quarter results after the market…
