Analyst Gregg Moskowitz from Mizuho Securities reiterated a Buy rating on Salesforce (CRM – Research Report) and keeping the price target at $425.00.
Gregg Moskowitz has given his Buy rating due to a combination of factors that highlight Salesforce’s strong performance and potential for growth. The company delivered a robust quarter with cRPO growth exceeding expectations, showcasing an impressive 11% increase in constant currency terms, which was significantly above the guidance of slightly more than 9%. Additionally, the early momentum of Agentforce was notable, with approximately 5,000 deals closed since October, contributing to a strong combined Data Cloud and AI annual recurring revenue of around $900 million.
Despite the FY26 revenue guidance falling short of consensus, Moskowitz believes the market’s reaction was an overreaction, as the company’s fundamentals remain strong. Salesforce is well-positioned to support its extensive customer base in digital transformation efforts, and the Agentforce initiative presents a promising growth opportunity. The company’s commitment to profitable growth is evident, and with a reiterated price target of $425, Salesforce remains a top pick for the coming years.
According to TipRanks, Moskowitz is a 5-star analyst with an average return of 11.9% and a 57.43% success rate. Moskowitz covers the Technology sector, focusing on stocks such as Salesforce, CyberArk Software, and Check Point.
In another report released today, CMB International Securities also maintained a Buy rating on the stock with a $388.00 price target.