Salesforce Stock Pulls Back on AI Fears, But Analysts Remain Bullish
Salesforce shares have pulled back from their 52-week high but remain strong due to AI growth, according to tradersunion.com. The company's Agentforce annual recurring revenue surged over 240% to exceed $1.5 billion in Q2, lifting full-year revenue guidance to $46.1, $46.4 billion.
The software group continues to outperform the broader market on a relative basis, despite concerns over AI competition and a global outage during Dreamforce.
Salesforce trades at under 14 times forward earnings, with superior net margins and bullish analyst upgrades supporting a $300 price target and a $63 billion fiscal 2030 revenue goal.
A defined-risk Oct. 30, 2026 bull put spread offers a $5.52 credit and $552 maximum reward for traders who believe the stock will stay above $230 at expiration.