Mizuho Boosts Salesforce Price Target to $280 Amid AI Momentum

Mizuho has raised its price target for Salesforce stock to $280 from $265, while maintaining an Outperform rating. The firm attended the first day of Salesforce's annual Dreamforce conference in San Francisco and was impressed with the company's emphasis on the value of context within its platform.

Salesforce highlighted new interfaces that surface data to drive greater value from existing deployments, which will be bundled into the high-end AIforce Max tier. This momentum is reflected in the stock's performance, currently trading at $255.65, just 5% below its 52-week high of $269.11.

Mizuho believes Salesforce's calendar year 2026 is positioned to be stronger than calendar year 2025, with modest organic revenue re-acceleration expected in the second half of fiscal year 2027.

The firm also noted that Salesforce remains committed to profitable growth and finds the current valuation attractive at 14.5 times calendar year 2027 estimated free cash flow.