Shares of Salesforce Inc. (NYSE:CRM – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $250.54, but opened at $244.18. Salesforce shares last traded at $242.4950, with a volume of 3,800,190 shares traded.
More Salesforce News
- AI Panic Hit Tech Stocks—But NVIDIA’s Growth Engine Is Intact
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment:Salesforce issued fiscal 2030 revenue guidance of more than $63 billion, exceeding market expectations. Management said accelerating demand for artificial-intelligence and data products is supporting the outlook, helping ease fears that AI could disrupt Salesforce’s core software business. Salesforce issues revenue target of over $63 billion for fiscal 2030
- Positive Sentiment:Analysts raised their valuations following the long-term outlook: Stifel Nicolaus and Canaccord Genuity lifted price targets to $300 with buy ratings, Cantor Fitzgerald maintained an overweight rating with a $300 target, and BMO Capital Markets raised its target to $285 with an outperform rating. RBC reaffirmed sector perform with a $250 target, while Mizuho raised its target to $280.
- Positive Sentiment:New AI initiatives—including AIForce, the Koa CRM reasoning model developed with NVIDIA, and expanded integrations with Claude, Slack, AWS and OpenAI—could improve Salesforce’s competitive position and increase adoption of Agentforce. Slackbot users reportedly rose more than 150% sequentially. Salesforce unleashes AIForce
- Neutral Sentiment:A $25 billion share repurchase program and unusually heavy call-option activity indicate improved investor sentiment, although options trading is speculative and does not guarantee sustained buying.
- Negative Sentiment:A widespread Salesforce service outage during the Dreamforce conference caused severe delays, intermittent errors and access problems for some customers, raising concerns about reliability and execution. Salesforce Service Outages Strike on Day 2 of Dreamforce Conference
- Negative Sentiment:Investors remain concerned that AI features may require customers to upgrade to premium editions, while slower free-cash-flow growth and the need to convert Salesforce’s large installed base into paying AI users could limit near-term upside.
Analyst Ratings Changes
CRM has been the subject of several recent analyst reports. TD Cowen reiterated a “buy” rating on shares of Salesforce in a report on Thursday. CLSA started coverage on Salesforce in a research report on Monday, July 20th. They issued a “hold” rating and a $165.00 target price for the company. UBS Group reaffirmed a “buy” rating on shares of Salesforce in a research note on Friday, September 11th. Weiss Ratings upgraded Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Finally, DA Davidson set a $225.00 price objective on Salesforce in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus price target of $273.80.
Ad Porter & Company
Trump’s New Dollar
Porter Stansberry says President Trump has signed an executive order initiating what he calls a full U.S. dollar reset – and most Americans don’t know it’s happening.nnThe last time America underwent a monetary shift like this, under Nixon in the 1970s, it minted an average of 1,300 new millionaires a day for over half a century. Stansberry has released a new documentary naming the assets he believes are positioned to surge as a result.
Watch the free briefing and see the three steps to prepare today
