
Salesforce Inc. ($CRM) is projected to open approximately 11.8% higher following its earnings report, marking its largest gap up since March 2023. Historically, the stock has opened higher by over 10% on earnings on ten other occasions since 2004. Analysts from various firms have provided mixed reviews on Salesforce's performance. Scotiabank has rated the stock as Sector Outperform with a price target of $440, citing a 10% growth in current remaining performance obligations (cRPO) that exceeded expectations. JPMorgan assigned an Overweight rating with a price target of $380, highlighting strong metrics across cRPO, margins, and cash flow, indicating no signs of demand issues. KeyBanc maintained a Sector Weight rating, noting double-digit growth in Sales and Service Clouds, despite concerns about Q4 guidance. Evercore ISI rated the stock as Outperform with a price target of $420, praising the overall performance and early traction with the new Agentforce product. However, Salesforce's Q3 revenue growth of 8% year-over-year has shown a deceleration in several categories, leading to a mixed outlook for Q4.