Salesforce Stock Falls Despite Analyst Price Target Hikes

Salesforce stock fell by about 3.1 percent to around $242.85 on September 17, 2026, despite multiple analysts raising their price targets and reiterating positive ratings.

The price target hikes came after the conclusion of Salesforce's Dreamforce 2026 conference, where several analyst houses, including Stifel and Canaccord Genuity, lifted their targets to $300 or $295 per share from levels between $230 and $275.

Stifel's new price target of $300 implies a roughly 22 percent upside from the prior close, while Freedom Capital's increase from $230 to $295 suggests near 20 percent potential upside.

Salesforce projected annual revenue of more than $63 billion by fiscal 2030, compared with Wall Street expectations of $60.66 billion for that period, signaling management confidence in sustained double-digit growth.