Salesforce Draws Reiterated Bullish Ratings From Canaccord Genuity, Citizens and Truist Ahead of August 26 Earnings
Several sell-side firms, including Canaccord Genuity, Citizens (JMP) and Truist, reiterated existing bullish ratings on Salesforce ahead of its August 26 earnings report rather than issuing new calls. A Motley Fool article syndicated to Yahoo Finance argues the stock remains undervalued despite a 28% one-month gain, citing P/E compression, though that is one author's view, not a broad consensus. Options traders are pricing a roughly 7.8% earnings-day move, with two-sided positioning between calls near $220 and protective puts near $190.
Salesforce (CRM) heads into its fiscal second-quarter earnings report, scheduled for Wednesday, August 26, 2026 after the close, with several sell-side firms reiterating existing bullish ratings rather than issuing new ones. Canaccord Genuity reaffirmed its Buy rating on August 25, Citizens (JMP) maintained its Market Outperform rating, and Truist reiterated its rating while flagging lingering growth concerns. SentiSense's own analyst-consensus data shows CRM is covered by 54 analysts with a consensus BUY rating, an average price target of $243.98 (39 buy, 13 hold, 2 sell), and an estimated Q2 FY27 EPS of $3.27 for the upcoming report.
The reiterations arrive after a sharp run in the stock. According to a Motley Fool article by Marc Guberti, syndicated to Yahoo Finance, Salesforce shares are up 28% over the past month, and the piece argues the stock remains undervalued because its price-to-earnings ratio has compressed to roughly 24, down from more than 40 a year earlier, even as agentic-AI-linked annual recurring revenue accelerates. That undervaluation framing reflects one author's argument, not a broader analyst consensus.
Truist's reiteration specifically cited concerns about the pace of organic growth heading into the back half of the year, per Investing.com, even as it kept its rating unchanged. Options positioning ahead of the earnings report also points to a wide expected move: according to a search-engine summary of a Seeking Alpha analysis that could not be independently verified (the article itself returned a blocked response), options tied to this week's expiry imply a move of roughly 7.8%, in a range spanning the high-$190s to low-$220s. That activity includes both call buying above the current price and protective put buying clustered around $190, indicating traders are positioning for volatility in either direction rather than betting purely on further gains.
With earnings due Wednesday evening, the market will be watching whether Salesforce's growth trends, including its agentic-AI product lines, are enough to support the reiterated bullish ratings and the current 24x earnings multiple. A meaningful miss could pressure the stock given how far it has already rallied, while a beat may reinforce the valuation-gap argument made in the Motley Fool piece, though that argument remains one commentator's view rather than a broader analyst call.
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