Phillip Securities Research maintained a “BUY” recommendation for Salesforce Inc. (CRM) with a target price of US$253. The company’s FY26 revenue met expectations, and earnings surpassed forecasts, driven by strong growth in Platform Cloud despite weakness in Commerce and Analytics Clouds. Salesforce is positioned for continued growth through AI monetization levers and a US$50bn share buyback program.
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Salesforce Inc – Platform Cloud Growth Strengthens
Phillip Securities Research maintained a “BUY” recommendation for Salesforce Inc. (CRM) with a target price of US$253. The company’s FY26 revenue met expectations, and earnings surpassed forecasts, driven by strong growth in Platform Cloud despite weakness in Commerce and Analytics Clouds. Salesforce is positioned for continued growth through AI monetization levers and a US$50bn share buyback program.