IT stock under ₹50 jumps 7% after securing 5-year deal for fraud management software and other services in Europe
Investing.com - KeyBanc has reiterated an Overweight rating and $400.00 price target on Salesforce.com (NYSE:CRM), highlighting the company’s progress toward reaccelerating growth. This target aligns with the broader analyst consensus, which remains bullish with an average rating of 1.67 and a high target of $430. According to InvestingPro data, Salesforce appears undervalued at its current price of $238.72.
The firm noted that Salesforce has reached a significant milestone with net-new annual order value (AOV) growing faster than overall AOV for the first time in three years, which represents "the first tangible step toward reacceleration" that management had previously outlined. This development comes as the company maintains impressive 8.33% revenue growth over the last twelve months, with Salesforce earning a perfect Piotroski Score of 9 on InvestingPro, indicating strong financial health.
This development follows comments made by Salesforce’s Chief Operating and Financial Officer Robin Washington at the October 15 Dreamforce Investor event, where she indicated the company planned to reaccelerate growth within 12-18 months.
KeyBanc’s analysis shows that Salesforce shares have outperformed the iShares Expanded Tech-Software Sector ETF (IGV) 26 times since the October 15 session, when management first mentioned "reaccelerate" and "net-new AOV."
Prior to that investor event, Salesforce had only outperformed the software sector benchmark once in 2025, with the stock underperforming the sector by nearly 9% by mid-February.
In other recent news, Salesforce reported its third-quarter fiscal 2026 earnings, surpassing analyst expectations with an earnings per share (EPS) of $3.25, compared to a forecast of $2.86. The company also exceeded revenue projections, reporting $10.3 billion against the anticipated $10.27 billion. BofA Securities maintained its Buy rating on Salesforce, highlighting the company’s third-quarter results, which showed a growth of 11% in its current remaining performance obligation (cRPO), surpassing the company’s guidance of 9%. Goldman Sachs also reiterated its Buy rating, emphasizing the strengthening artificial intelligence momentum as a key factor in Salesforce’s revenue reacceleration strategy. Citizens lowered its price target on Salesforce to $405 from $430, while maintaining a Market Outperform rating, citing modest total revenue growth of 8% in constant currency during the fiscal third quarter. BMO Capital adjusted its price target for Salesforce to $275 from $280, maintaining an Outperform rating due to strong bookings execution contributing to a 2-point beat in cRPO. These developments highlight the ongoing investor interest and varied analyst perspectives on Salesforce’s growth trajectory.
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