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theglobeandmail.comSEP 32 min read$CRM

New Buy Rating for Salesforce (CRM), the Technology Giant

Evercore ISI analyst Kirk Materne maintained a Buy rating on Salesforce (CRM) with a $290 price target. J.P. Morgan also issued a Buy, while Phillip Securities kept a Hold. Salesforce reported Q2 revenue of $11.35B and net profit of $3.53B, up from $10.24B and $1.89B YoY.

Original reporting
theglobeandmail.com
Published Sep 3, 2026, 1:56 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Sep 3, 2026, 6:48 PM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About alphai AI DeskScoring methodologyReport an issue
New Buy Rating for Salesforce (CRM), the Technology Giant — source image
Source · theglobeandmail.com
Decision brief

The 30-second read

$CRMBullishMed
01

Why it matters

The earnings beat and new Buy ratings suggest short-term upside.

02

Market read

Earnings beat and rating upgrades likely drive near-term price appreciation.

03

What to watch

Potential headwinds from macro slowdown could temper gains.

Relevance 8/10Novelty 8/10Timing: today

Background

Salesforce reported Q2 results beating expectations, prompting analyst upgrades.

Company-level read

Ticker impact

$CRMBullishHigh confidence
Context

Evercore ISI and J.P. Morgan upgraded Salesforce to Buy with a $290 price target and reported Q2 revenue of $11.35B and net profit of $3.53B.

Expected impact

Potential upside toward $290 target.

Evidence & confidence

Revenue and profit exceeded prior expectations; multiple analysts issued fresh Buy ratings.

Market effects

Sector

Strong performance may boost the broader enterprise software sector.

Regional

Positive for US tech equities.

Global

Reinforces confidence in cloud services globally.

Counterpoint

What could challenge this read

Some investors may view the rating upgrades as already priced in.

Key entities

  • company
    Salesforce

    Cloud-based CRM provider.

  • analyst
    Evercore ISI

    Investment bank issuing a Buy rating.

  • analyst
    J.P. Morgan

    Investment bank issuing a Buy rating.

Read at source← All news

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New Buy Rating for Salesforce (CRM), the Technology Giant — alphai