JMP Securities Reiterates Market Outperform Rating on salesforce.com (CRM)
JMP Securities analyst Patrick Walravens reiterated a Market Outperform rating and $450.00 price target on salesforce.com (NYSE: CRM)
The analyst comments: "We maintain our Market Outperform rating and $450 price target on Salesforce after it reported mostly better-than-expected F3Q25 results, with non-GAAP EPS of $2.41 (missing consensus of $2.44 due to an $0.18 charge from 'mark-to-market adjustments of our strategic investment portfolio') and non-GAAP operating margin of 33.1% (consensus 32.3%) on revenue of $9.44B (consensus $9.35B), up 8% y/y (8% in cc), flat with last quarter, subscription revenue of $8.88B (consensus $8.81B), up 9% y/y, flat with last quarter; and current RPO of $26.4B beating the consensus of $26.1B, up 10% y/y (10% in cc), flat with last quarter — all of which left the stock up 11% in the aftermarket, after having risen 26% year to date, a 26% increase for the S&P 500 and a 26% increase for the Russell 3000."
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Shares of salesforce.com closed at $331.43 yesterday.