Piper Sandler analyst Brent Bracelin raised the firm’s price target on Salesforce (CRM) to $395 from $325 and keeps an Overweight rating on the shares. The firm says 2026 is shaping up to be an important transitional year for Salesforce as it executes on laying the groundwork to bring AI agents to the enterprise masses with new pricing and packaging offerings that could better position the company for a 2027 rebound. Against this backdrop and potential Q4 cRPO growth guide of 8% exiting this year, Piper sees slight downside risk to 2026 top-line consensus of $41.3B on 9% growth. That said, the firm has an upward bias to free cash flow that could exceed $13.6B and sees a sustainable path to double-digit free cash flow growth annually.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CRM:
- Options Volatility and Implied Earnings Moves This Week, December 02 – December 05, 2024
- Salesforce (CRM) Q3 Earnings Preview: Here’s What to Expect
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Thanksgiving Online Sales Surge 4% as Retailers Double Down on Discounts
- Dow Jones Drops Following October’s Inflation Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
