Oppenheimer Raises Salesforce Price Target to $275 Amid AI Momentum

Oppenheimer raised its price target for Salesforce stock to $275 from $250 while maintaining an Outperform rating. The firm cited a solid second-quarter fiscal performance, with upside to current remaining performance obligation results and guidance.

Management reiterated that the business is set to reaccelerate in the second half of fiscal year 2027, with Agentforce and related AI metrics showing robust growth. The stock trades at a P/E ratio of 23.86 with a PEG ratio of just 0.6, suggesting attractive valuation relative to growth.

The developments reinforce Salesforce's positioning in the agentic AI landscape and support the reacceleration narrative, Oppenheimer said. The firm expects the progress to ease concerns around AI disruption risk.