Mizuho Reiterates Outperform Rating on salesforce.com (CRM) Post NDR

Mizuho analyst Gregg Moskowitz reiterated an Outperform rating and $340.00 price target on salesforce.com (NYSE: CRM)

The analyst comments "We recently hosted a group investor meeting with EVP of Corporate Strategy Bill Patterson, SVP of Product Finance Jeff York, and Senior Director of IR Valmik Desai. During our discussion, CRM expressed confidence in recent improvements to Agentforce and, more broadly, the company's positioning for future growth. We reiterate our view that CY26 should be a much better year for CRM than CY25, with legitimate potential for organic re-acceleration. We also believe CRM remains committed to profitable growth, and we find the current valuation very compelling at only 14x CY27E FCF. We reiterate our Outperform and $340 PT, and CRM remains a top pick over the NTM."

For an analyst ratings summary and ratings history on salesforce.com click here. For more ratings news on salesforce.com click here.

Shares of salesforce.com closed at $261.02 yesterday.

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