These Analysts Revise Their Forecasts On Salesforce Following Q1 Results

Group 1 - Salesforce Inc reported first-quarter revenue of $9.83 billion, exceeding the consensus estimate of $9.75 billion [1] - The company reported adjusted earnings of $2.58 per share, surpassing analyst estimates of $2.55 per share [1] - Salesforce expects second-quarter revenue to be between $10.11 billion and $10.16 billion, above estimates of $10.01 billion [3] Group 2 - The company raised its fiscal-year 2026 revenue guidance to a range of $41 billion to $41.3 billion, compared to estimates of $40.83 billion [4] - Salesforce increased its full-year adjusted earnings guidance to between $7.15 and $7.21 per share, against estimates of $7.24 per share [4] - Following the earnings announcement, Salesforce shares fell 0.4% to close at $276.03 [4] Group 3 - RBC Capital analyst downgraded Salesforce from Outperform to Sector Perform, lowering the price target from $420 to $275 [9] - Bernstein analyst maintained an Underperform rating on Salesforce, raising the price target from $243 to $255 [9] Group 4 - CEO Marc Benioff highlighted the company's unified enterprise AI platform, which includes Agentforce, Data Cloud, Customer 360 apps, Tableau, and Slack [2]