RBC Capital Reaffirms $250 Price Target for Salesforce Amid Positive Outlook
RBC Capital has reaffirmed its Sector Perform rating and price target of $250 for Salesforce (no ticker provided), citing several positive developments that have influenced the company's stock outlook.
The firm will attend Salesforce's Dreamforce and analyst day scheduled for September 15-17 in San Francisco, where it expects expanded Agentforce capabilities and Claudeforce monetization and use cases to be emphasized. Anthropic CEO Dario Amodei is also scheduled to speak at the event.
RBC Capital anticipates discussion of confidence levels in revenue reacceleration and net new annual contract value trends during the event, as well as an updated long-term financial framework being presented. The firm noted that expectations are likely elevated following a strong second-quarter beat and raise.