Salesforce, Inc. (NYSE:CRM) is one of the Best Undervalued Stocks to Buy According to the Financial Media. On May 28, BMO Capital reduced its price objective on the company’s stock to $215 from $225, while keeping an “Outperform” rating on the shares. This comes after the company reported its Q1 earnings. As per the analyst, its results and guidance will not be enough to convince bears or bulls to change their respective positions, amidst the limited changes to growth expectations for FY 2027 top-line.
The firm highlighted that investors will look for evidence of improvement in revenue growth and sustainability, and wait before they become more optimistic about Salesforce, Inc. (NYSE:CRM)’s stock. That being said, the firm noted the potential for improvement in revenue growth.
Salesforce, Inc. (NYSE:CRM) reported revenue of $11.1 billion in Q1 2027, reflecting an increase of 13% YoY and 12% in constant currency, which includes $444 million of Informatica contribution. Notably, the current remaining performance obligation amounted to $33.6 billion, reflecting 14% YoY growth and 13% in constant currency.
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