Analyst Scott Berg from Needham maintained a Buy rating on Salesforce (CRM – Research Report) and keeping the price target at $400.00.
Scott Berg has given his Buy rating due to a combination of factors including Salesforce’s strong quarterly performance and strategic positioning. The company reported fourth-quarter results that met revenue expectations and exceeded profit forecasts, thanks to operational efficiencies. Additionally, the growth in current remaining performance obligations (CRPO) surpassed the guidance, indicating stability in certain cloud offerings and benefiting from early contract renewals.
Another key factor in Berg’s rating is the significant traction of Salesforce’s Agentforce, which saw over 3,000 paid deals closed in the quarter. The Data Cloud and AI annual recurring revenue also showed impressive year-over-year growth. While the fiscal year 2026 guidance was lower than anticipated, this was not unexpected due to recent changes in the CFO position. Berg sees potential upside if Salesforce continues to drive platform adoption and monetization through its expanding cloud offerings.
Berg covers the Technology sector, focusing on stocks such as Salesforce, Five9, and SPS Commerce. According to TipRanks, Berg has an average return of -3.8% and a 44.09% success rate on recommended stocks.
In another report released today, RBC Capital also reiterated a Buy rating on the stock with a $420.00 price target.