Truist Securities Reiterates Buy Rating on salesforce.com (CRM)

Truist Securities analyst Terry Tillman reiterated a Buy rating and $400.00 price target on salesforce.com (NYSE: CRM).

The analyst comments "We have included add'l thoughts post 1QFY26 results & callback with the co. Callback highlights include dynamics related to Sales and Service Cloud, Agentforce, slower growth dynamics with Marketing & Commerce Cloud, market underappreciating further op leverage in the model, indirect selling, positive small and mid-sized business traction and new AOV metric. We believe 1QFY26 reflected a number of constructive developments and the shares offer attractive risk/reward at 17x EV/CY26E FCF and 22x non-GAAP EPS, in our view. Reiterate Buy & expect the co. to beat FY ests, setting stage for improved growth, expanding profits/CF and progress with capital allocation program."

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 $265.37 yesterday.

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