Salesforce Inc. (NYSE:CRM) posted downbeat earnings for its third quarter, while sales topped estimates.

Salesforce reported third-quarter revenue of $9.44 billion, beating the consensus estimate of $9.35 billion. The enterprise cloud solutions company reported adjusted earnings of $2.41 per share, missing analyst estimates of $2.44 per share, according to Benzinga Pro.

"We delivered another quarter of exceptional financial performance across revenue, margin, cash flow and cRPO," said Marc Benioff, chair and CEO of Salesforce. "Agentforce, our complete AI system for enterprises built into the Salesforce Platform, is at the heart of a groundbreaking transformation. The rise of autonomous AI agents is revolutionizing global labor, reshaping how industries operate and scale."

The company also said it sees full-year 2025 revenue of $37.8 billion to $38 billion and full-year adjusted earnings to be between $9.98 and $10.03 per share.

Salesforce shares gained 0.1% to close at $331.43 on Tuesday.

These analysts made changes to their price targets on Salesforce following earnings announcement.

• Piper Sandler analyst Brent Bracelin maintained Salesforce with an Overweight and raised the price target from $395 to $405.
• Barclays analyst Raimo Lenschow maintained the stock with an Overweight and raised the price target from $415 to $425.
• Needham analyst Scott Berg maintained Salesforce with a Buy and raised the price target from $345 to $375.
• Baird analyst Rob Oliver maintained Salesforce with an Outperform and raised the price target from $340 to $430.
• Northland Capital Markets analyst Nehal Chokshi reiterated Salesforce with an Outperform and raised the price target from $400 to $440.
• B of A Securities analyst Brad Sills maintained Salesforce with a Buy and raised the price target from $390 to $440.
• Morgan Stanley analyst Keith Weiss maintained the stock with an Overweight and raised the price target from $330 to $405.
• Stifel analyst Parker Lane maintained Salesforce with a Buy and raised the price target from $390 to $425.

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