Mizuho Ups Salesforce Price Target to $280 Amid AI Momentum
Mizuho has increased 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, where the company highlighted new interfaces that surface data to drive greater value from existing deployments.
Access to these surfaces will be bundled into the high-end AIforce Max tier. Salesforce is 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.
The firm expects modest organic revenue re-acceleration to occur in the second half of fiscal year 2027. Mizuho stated that Salesforce remains committed to profitable growth and finds the current valuation attractive at 14.5 times calendar year 2027 estimated free cash flow.