Salesforce Stock Gains as AI Growth and Analyst Upgrades Drive Rally

Salesforce's stock has been gaining momentum as of September 3, 2026, driven by strong AI growth and positive analyst assessments. The shares have opened around $256.93 on the New York Stock Exchange, close to an average analyst price target of about $266.50, indicating limited but still positive upside from current levels.

The company's recent quarterly report showed a clear acceleration in its AI and data platforms, with revenue growing 11% year-over-year to $11.3 billion in the second quarter of the current fiscal year. The remaining performance obligations, a proxy for contracted future revenue, climbed 14% in constant currency to $33.5 billion, highlighting the depth of its order backlog and the durability of subscription demand for its Customer 360 platform.

Salesforce's AI-focused offerings are growing even faster than the broader business, with Agentforce, its platform for AI agents that automate business tasks, producing annual recurring revenue above $1.5 billion, up more than 240% compared to the previous year's level. Combined with Data 360, which aggregates enterprise data for use by AI agents, these platforms reached nearly $3.9 billion in annual recurring revenue, corresponding to growth of more than 210% year-over-year.