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."
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Shares of salesforce.com closed at $265.37 yesterday.