Salesforce Shares Gap Down Amid AI-Fueled Growth Outlook

Salesforce shares gapped down at the market open on Thursday after previously closing at $250.54.

The CRM provider's stock last traded at $242.49, with a volume of 3.8 million shares. This comes after Salesforce issued fiscal 2030 revenue guidance exceeding market expectations, with management citing accelerating demand for artificial-intelligence and data products as a key driver.

Analysts have raised their valuations in response to the outlook, with Stifel Nicolaus and Canaccord Genuity lifting price targets to $300. The company's new AI initiatives, including AIForce and expanded integrations with Claude, Slack, AWS, and OpenAI, could improve Salesforce's competitive position.