Freedom Broker lowered its price target on Salesforce stock (NYSE:CRM) to $230 from $360, maintaining a Buy rating.
The company opened fiscal 2027 with a revenue and non-GAAP EPS beat. Agentforce annual recurring revenue crossed $1 billion, with consumption metrics accelerating versus Q4 fiscal 2026.
Analyst Egor Tolmachev attributed the earnings beat to strategic investment gains and a $25 billion accelerated share repurchase program. Q2 revenue guidance signals deceleration in legacy applications.
Management reaffirmed the fiscal 2030 Rule-of-50 framework and introduced Headless 360 as a new monetization vector. The monetization model for AI workloads remains under construction.
In other news, Salesforce reported Q1 results: constant currency revenue growth of 11.6% (vs. estimate 10.8%), operating margin 34.8% (vs. 33.4%). Piper Sandler noted FY27 revenue growth of 12%, with Informatica strong and Tableau weak. Several analyst firms adjusted price targets.
