TD Cowen analyst Derrick Wood reiterated a Buy rating and $250.00 price target on salesforce.com (NYSE: CRM).

The analyst commented: "Mixed Checks Across Products/ Cohorts, Still Expect 2H Acceleration; CRM reports 1Q on 5/27. Checks were again mixed across products/cohorts, but Data Cloud demand remains robust and Agentforce adoption continues to progress. We expect in-line results/guide as we think Agentforce needs more time to bake to move the needle, but we still expect reacceleration in 2H. At ~10x EV/CY27E FCF, we maintain our Buy but still await stronger catalysts to develop in 2H."

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Shares of salesforce.com closed at $176.31 yesterday.