Salesforce Stock Drops Amid Analyst Targets of $300.00

Salesforce stock traded on the NYSE fell by 1.76 percent to USD 234.02 on September 28, 2026. This decline comes despite analysts' raised targets, with Canaccord Genuity setting a new price target of USD 300.00 and maintaining a buy rating.

The company's fiscal second quarter results showed revenue growth of 10.8 percent year over year to USD 11.35 billion, exceeding consensus estimates. Adjusted earnings per share were USD 5.90, while non-GAAP operating margin reached 34.1 percent and operating cash flow was USD 1.3 billion, up 71 percent from the same period in 2025.

Salesforce also raised its fiscal 2027 revenue guidance to USD 46.1 billion to USD 46.4 billion and maintained non-GAAP operating margin guidance of 34.3 percent. The stock's current valuation meets a stronger operating backdrop, according to analysts.