Six Analysts Turn Bullish on Salesforce, Signaling Major Re-Rating Ahead
Six Wall Street firms just raised their Salesforce price targets in a cluster, and the reasoning behind the coordinated move points to a fundamental shift in how analysts now value enterprise AI software.
Wall Street piled onto Salesforce (NYSE:CRM | CRM Price Prediction) after the company’s Dreamforce Investor Day, with at least six firms lifting price targets on the enterprise software giant.
The clustered price target raises, several landing at $300, signal growing conviction that Agentforce and the broader AI stack can drive a durable installed-base repricing. For long-term investors, the coordinated shift warrants a closer look, even as near-term execution risk remains real.
Analyst Case for a Re-Rating
BMO said it came away from Dreamforce more constructive on Salesforce’s ability to benefit from enterprise AI adoption, citing AIforce and new partnerships.
Canaccord flagged encouraging pipeline, coverage ratios and contract activity, plus a broader framework for monetizing AI across premium editions, consumption, and headless use cases.
Stifel pointed to management reiterating its FY30 revenue target of $63B and outlined six distinct monetization paths, including premium SKU upgrades, Agentforce spend, Data 360, and Agent Fabric.
JPMorgan called the day “incrementally positive for the re-rating thesis,” while Citi attributed its raise mostly to software multiple expansion.
Company Snapshot
Salesforce reported Q2 FY27 revenue of $11.35 billion, up 10.8% year over year, with non-GAAP EPS of $5.90 against a $3.27 consensus. Current RPO reached $33.50 billion, up 14%.
Agentforce ARR exceeded $1.5 billion, up over 240% year over year, and combined Agentforce plus Data 360 ARR approached $3.90 billion. Full-year FY27 revenue guidance was raised to $46.10 billion to $46.40 billion.
Why the Move Matters Now
Salesforce stock trades at $243.11, up 24.17% over the past month but still down 7.58% year to date. Shares change hands at roughly 15x forward earnings, a discount to most large-cap software peers.
The consensus analyst target sits at $278.93, with 34 Buy and 6 Strong Buy ratings against 14 Holds. Revision momentum backs the bullish shift: 36 upward EPS revisions and zero downward for FY27 over the past 30 days.
What It Means for Your Portfolio
The Salesforce stock reset reflects a clearer AI monetization roadmap alongside a shrinking share count from the $25B accelerated share repurchase.
Retirement-focused investors get a rare combination in mega-cap software: double-digit subscription growth, a 7.20% free cash flow yield, and a rising dividend. Execution on Agentforce adoption and integration of Informatica, Contentful, and Fin will determine whether the price target raised chorus proves prescient.
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Vandita Jadeja is a financial publisher with over a decade of experience writing about financial topics, including investment, savings, retirement, insurance and banking. Vandita is a Chartered Accountant who loves to debunk financial concepts for readers.
Her work has appeared on sites that include The Motley Fool, InvestorPlace, and Benzinga. She covers investing and focuses on stock picks and price prediction for 24/7 Wall St.
When not looking for the next stock investment opportunity, she can be found traveling, reading, chasing sunsets and enjoying her iced latte.
