Citizens JMP lowered its Salesforce price target to $315 from $405. The firm maintained its Outperform rating.
Salesforce secured $108 million in annual award value in January. This total reflects five significant federal deals. The activity suggests strong underlying momentum.
The GSA, HHS, and Department of Education show increased activity. Citizens JMP expects capital appreciation despite potential seating pressure from AI-driven solutions.
Other analysts remain positive ahead of the upcoming earnings report.