Salesforce stock rises as analysts forecast gains beyond USD 300
Salesforce (CRM) opened at USD 230.33 on October 6, 2026, up 0.23% from the previous close. The company’s strong Q2 FY27 performance and ambitious guidance have sparked debates about its future growth, particularly around its AI-driven products.
Q2 revenue rose 10.8% to USD 11.35 billion, up from USD 10.24 billion the prior year. Diluted earnings per share (EPS) surged 118.9% to USD 4.29, while net income doubled to USD 3.53 billion. The six-month revenue reached USD 22.5 billion, a 12% year-over-year increase, with Agentforce Apps and Data 360 playing key roles.
Salesforce’s FY27 outlook targets USD 46.4 billion in revenue at the high end, with a non-GAAP operating margin of 34.3%. The company also plans a USD 25 billion accelerated share repurchase, aiming to reduce its share count by at least 14%. However, these figures represent future plans rather than completed actions.
Analysts remain bullish, with 54 out of 54 recommending a “Buy.” The average price target stands at USD 281.08, with high estimates reaching USD 475.00. Barclays recently raised its target to USD 276.00, while BTIG set a USD 300.00 target, reflecting optimism about Salesforce’s potential upside.