Salesforce Stock Soars on Strong Earnings and AI Growth

Salesforce's (CRM) stock price has rebounded by over 78% from its 52-week low to $260.72, driven by strong earnings and AI growth catalysts.

The company's Q2 FY27 results far exceeded expectations, with a non-GAAP EPS of $5.90 beating consensus estimates by over 80%. Revenue of $11.3B matched estimates but was overshadowed by the impressive growth of its AI engine: Agentforce ARR surged 240% YoY to $1.5B and Data 360 ARR grew 200% YoY to $2.4B.

Analysts have rapidly repriced upward, with Jefferies raising their target price from $250 to $300, implying a potential 15% upside from the current pre-market level.