RBC Capital Keeps Faith in Salesforce Stock with $250 Price Target

RBC Capital has reaffirmed its Sector Perform rating and price target of $250 for Salesforce stock (NYSE:CRM).

The firm said it will attend Salesforce’s Dreamforce and analyst day scheduled for Sep. 15-17 in San Francisco, where they expect expanded Agentforce capabilities and Claudeforce monetization and use cases to be emphasized.

CEO Dario Amodei of Anthropic is set to speak at the event, and RBC Capital anticipates discussion of confidence levels in revenue reacceleration and net new annual contract value trends.

An updated long-term financial framework is expected to be presented by Salesforce during the event.