Salesforce Stock Slumps Amid AI Acquisition Speculation

Salesforce stock closed at $244.16 on September 9, 2026, down 1.99% from the previous day's close. This puts the shares about 9% below Wall Street's average price target of $266.50 per share.

The company reported a strong Q2 FY27 quarter with record revenue of $11.3 billion, an 11% increase from the same period last year. Subscription and support revenue contributed $10.8 billion in that period, highlighting the importance of recurring cloud contracts to the business model.

Salesforce's Agentforce platform, which bundles AI-driven automation and customer workflow tools, generated annual recurring revenue of approximately $3.9 billion in Q2 fiscal 2027. This scale makes Agentforce a meaningful driver of top-line growth rather than a small experimental product line.

The company posted a non-GAAP operating margin of 34.1% in the quarter, while non-GAAP diluted earnings per share reached $5.90, which is 80.4% above the $3.27 consensus EPS figure cited by analysts for that reporting period.