Salesforce Stock Falls Despite Analyst Price Target Hikes

Salesforce stock declined by 2.03% to $237.92 on September 18, 2026, on the New York Stock Exchange despite multiple analysts increasing their price targets following the company's Dreamforce 2026 event and investor day.

The analysts' revised price targets ranged from $260 to $300, with several brokerages expressing confidence in Salesforce's long-term growth path in customer relationship management and AI services. UBS raised its target to $260 from $240 while keeping a Neutral rating, while Stifel increased its target to $300 and maintained a Buy recommendation.

The analyst consensus stood at Moderate Buy with an average target around $272.62, representing a 11.6% upside against recent trading levels near $242.85. However, some analysts took a more measured stance, pointing to challenges in parts of the portfolio and the need to balance growth investments with margin discipline.

Salesforce's market capitalization stood at around $195.8 billion as of September 18, 2026, while its GF Value estimate for the company stands near $343.60 compared with a recent price around $242.85, suggesting the stock trades at about a 29.3% discount to that intrinsic value measure.