Salesforce (NYSE:CRM) Trading Up 3.4% - Still a Buy?

Market Beat
2026.05.18 21:24
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Salesforce (NYSE:CRM) shares rose 3.4% to $179.39, following a $50 billion stock buyback announcement and better-than-expected earnings. Analysts have mixed views, with Bank of America initiating coverage with an 'underperform' rating and a $160 target, while others maintain a 'buy' stance. The stock has a consensus rating of 'Moderate Buy' and an average target price of $274.56. Salesforce reported a Q1 EPS of $3.81, exceeding estimates, and revenue of $11.20 billion, up 12.1% year-over-year.