Salesforce Shares Rally on Analyst Price Target Boost

Salesforce stock has seen a significant surge on Tuesday, jumping as much as 4.4% and currently sitting at 3.9% above Monday's closing price.

The boost in the company's shares comes from a vote of confidence from Citi analyst Tyler Radke, who maintained a neutral rating but raised his price target to $204, representing a 7% upside from Monday's closing price.

This move was made ahead of Salesforce's fiscal 2027 second-quarter financial report, which is scheduled for August 26. The company's forecast calls for revenue of $11.31 billion and adjusted earnings per share (EPS) of $3.26, both at the midpoint of its guidance.

Salesforce has been adapting to an AI-powered future by integrating agentic AI tools into its offerings, including its Agentforce platform that helps customers build and deploy autonomous agents in a familiar environment.