Oppenheimer Sticks to Salesforce 'Outperform' Rating Amid Revenue Guidance

Oppenheimer reaffirmed its 'Outperform' rating for Salesforce.com () after the company's investor day. The firm highlighted the company's revenue guidance of $63 billion in fiscal year 2030, which implies a 11% compound annual growth rate and a 39% or better operating margin.

The company's impressive gross profit margin of 77% in the last twelve months demonstrates its ability to maintain strong profitability. Oppenheimer noted that management reiterated guidance of reaccelerating organic growth alongside margin growth.

Oppenheimer highlighted new agentic product announcements, including AIforce, higher tier pricing, and increasing referenceability. The firm said these developments support its view that artificial intelligence increases the strategic value of the installed base rather than disintermediating it.

The firm also noted that Claudeforce and Headless allow Salesforce to monetize its infrastructure while users work in other interfaces. Oppenheimer described the event as 'uninspiring overall.'