Goldman Sachs has reiterated its buy rating on Salesforce with a $271 price target, implying 32% upside potential. The software company posted strong quarterly results with adjusted earnings of $5.90 per share, far exceeding the $3.27 consensus estimate, and revenue of $11.35 billion, up 11% year-over-year. Performance was driven by AI product growth and a $2.6 billion gain from strategic investments in Anthropic. The stock has gained nearly 16% over the past three months and more than 18% since the results release. Of the 54 analysts covering the stock, 40 now have a buy or strong buy rating.
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