RBC Reiterates Salesforce Price Target Amid Ongoing Revenue Growth
RBC Capital has reaffirmed its Sector Perform rating and $250 price target for Salesforce stock. The firm is attending the Dreamforce and analyst day event in San Francisco from September 15-17, where it expects expanded Agentforce capabilities and Claudeforce monetization to be emphasized.
The event will feature a speech by Anthropic CEO Dario Amodei, as well as discussions on confidence levels for revenue reacceleration and net new annual contract value trends. RBC Capital also anticipates the presentation of an updated long-term financial framework.
Salesforce currently trades at $245.23, up 26% over the past six months. According to InvestingPro analysis, the stock appears undervalued at current levels, with a 'GREAT' financial health score of 3.1 out of 5 and an attractive PEG ratio of 0.37.