- Citizens reiterated a Market Outperform rating and $315 price target on Salesforce, citing Q2 industry checks that were 50% positive versus 22% in fiscal Q1.
- Salesforce reported fiscal Q1 revenue of $11.1 billion, up 13% year over year, raised its full-year revenue forecast to $45.9 billion to $46.2 billion, and said Agentforce annualized revenue reached $1.2 billion, up 205% year over year.
- The earnings debate centers on organic growth: management's 10% to 11% reported revenue-growth guidance includes more than four percentage points from Informatica, according to the report.
- Options implied a 7.8% post-earnings move, with traders positioning around a $190 to $220 range.
Quotes
“50% of checks came positive in Q2 compared to 22% in the first quarter of fiscal 2027.”
“Agentforce reaching $1.2 billion, up 205% year over year.”