Dreamforce Dampens Salesforce Stock, But Long-Term Growth Remains Strong

Salesforce stock took a hit during its Dreamforce conference, falling by 8.29 percent over five sessions.

The decline came despite Jefferies reaffirming its Buy rating and a price target of $300 for Salesforce stock, which implies around 26 percent upside from the recent closing level of $237.92.

The analyst consensus compiled by MarketScreener shows that Salesforce shares are rated a mean consensus of Buy, with the current price trading at an 18.73 percent discount to the average target of $282.49.

Salesforce's long-term revenue ambition is to reach above $63 billion in fiscal 2030, requiring around 11 percent compound annual growth from its fiscal 2026 revenue of $41.5 billion.