What Analysts Think of Salesforce Stock Ahead of Earnings

Sun, May 25, 2025

Salesforce (CRM) is scheduled to report fiscal first-quarter results after the closing bell Wednesday, with analysts largely bullish on the cloud software company's stock.

Of the 23 analysts tracked by Visible Alpha, 18 have a “buy” or equivalent rating for the shares, with four “hold” ratings and one “sell.” Their consensus price target of about $364 would suggest 33% upside from Friday’s close. Shares of Salesforce are down about 18% for 2025 so far.

The customer relationship management software giant is expected to post first-quarter revenue of $9.75 billion, a roughly 7% jump year-over-year, and adjusted earnings per share of $2.55, up from $2.44 a year ago.

Oppenheimer called Salesforce “one of the healthiest long-term profitable growth stories” among software companies in a note to clients Thursday. While macro uncertainty raises risk, Salesforce’s AI platform Agentforce is seeing "strong momentum,” the analysts said, and maintained a target of $380.

Citi analysts took more of a wait-and-see approach to Agentforce. They lowered their price target to $320 from $335, saying they “await more meaningful data points” around the AI offering’s commercialization. Meanwhile, Deutsche Bank recently reiterated its more bullish target of $400, while Jefferies maintained its at $375.