What Wall Street Analysts Think of Salesforce’s Stock Ahead of Earnings [Video]

Salesforce (CRM) is set to report third-quarter earnings after the market closes on Tuesday, with analysts largely bullish on the cloud software company’s stock. 

Of the 24 analysts covering the stock tracked by Visible Alpha, 19 have a “buy” or equivalent rating, compared to five “hold” ratings. Their consensus price target of $352 would represent an almost 7% premium over Wednesday’s closing price of $330.01. 

Wall Street expects Salesforce to deliver third-quarter revenue of $9.35 billion, a 7% rise year-over-year, and net income of $1.41 billion or $1.45 per share, up from $1.22 billion or $1.25 per share a year ago. 

Morgan Stanley, which holds a “buy” rating and $330 price target, said “investor interest around software companies positioned to benefit from GenAI has increased—where Salesforce’s Agentforce platform appears well positioned.”

Salesforce’s stock price has gained roughly 30% since the company’s Dreamforce event in September and the unveiling of its Agentforce …