Key Stats for Salesforce Stock
- Price Change for $CRM stock: 4%
- Current Share Price: $246
- 52-Week High: $369
- $CRM Stock Price Target: $332
What Happened?
Salesforce (CRM) stock jumped 4% after management unveiled ambitious new financial targets at the company’s annual Dreamforce conference in San Francisco.
The enterprise software giant raised its fiscal 2030 revenue outlook to over $60 billion, which is in line with consensus estimates.
However, these projections exclude any contribution from the pending $8 billion acquisition of data management company Informatica, which is expected to close either in fiscal Q4 or Q1 of fiscal 2027.
Salesforce is also committed to organic revenue growth above 10% annually from fiscal 2026 through 2030. That represents a meaningful acceleration from the sub-10% growth rates Salesforce has posted since mid-2024.
Chief Operating and Financial Officer Robin Washington addressed investor concerns head-on during the presentation.
“We have had some lower-stage growth for a while,” Washington acknowledged. “That is reaccelerating.”
The company emphasized that its growth inflection point is happening now, driven primarily by the adoption of Agentforce, its AI-powered automation platform for customer service and business processes.
CEO Marc Benioff pushed back firmly against the narrative that traditional enterprise software is becoming obsolete in the age of AI.
He argued that while AI coding tools provide productivity improvements, they aren’t replacing the need for enterprise software platforms.
Salesforce is betting heavily on Agentforce to drive this revenue acceleration. It launched Agentforce last year as software that allows brands to deploy AI-powered chat agents connecting large language models to their internal business data.
On Monday, Salesforce released Agentforce Voice, enabling AI agents to handle phone-based customer service. The company also announced expanded partnerships with Anthropic and OpenAI to integrate their latest AI models into Agentforce.
At Dreamforce, Salesforce showcased Agentforce deployments at major customers including FedEx, Pandora, PepsiCo, and Williams-Sonoma.
Chief Revenue Officer Miguel Milano revealed that Salesforce itself is using AI agents to follow up on leads that previously went untouched, closing hundreds of deals through automated outreach.
See analysts’ growth forecasts and price targets for CRM stock (It’s free!) >>>
What the Market Is Telling Us About CRM Stock
The pop in CRM stock suggests investors are cautiously optimistic about Salesforce’s ability to return to double-digit growth.
The 29% year-to-date decline through Wednesday reflects concerns about whether traditional SaaS companies can compete in an AI-first world. Salesforce’s new targets represent management’s most confident statement yet that AI enhances rather than replaces enterprise software.
However, skepticism remains about Agentforce adoption rates. RBC Capital Markets noted earlier this month that “investors continue to ask why Agentforce adoption has been slower than anticipated.”
Salesforce is addressing this with aggressive product releases and partnerships, but converting pilots into large enterprise contracts takes time.
The company’s long-term financial framework also calls for achieving “Rule of 50” by fiscal 2030, meaning the combined revenue growth rate plus operating margin should hit 50%.
With 10%+ growth targeted, that implies operating margins expanding to roughly 40%. Whether Salesforce can maintain pricing power while scaling AI infrastructure remains an open question.
The timing of the guidance raise is strategic, coming amid heightened investor anxiety about AI disruption.
Management is essentially arguing that AI creates a massive new market for digital labor platforms rather than cannibalizing existing software budgets.
If they’re right, the current valuation looks attractive. If AI tools continue advancing rapidly and enterprises shift spending toward infrastructure rather than applications, Salesforce faces genuine headwinds.
The Informatica acquisition adds another variable. Washington said the deal is now expected to be accretive within one year instead of the previously communicated two years.
That’s good news, but integrating a major data management platform while simultaneously scaling Agentforce represents significant execution risk.
Success requires Salesforce to deliver on multiple fronts simultaneously over the next several years.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!