Wells Fargo Raises Salesforce Stock Price Target to $230.00

Salesforce's stock price target has been raised by analysts at Wells Fargo & Company from $205.00 to $230.00 in a recent research report. The firm currently has an 'equal weight' rating on Salesforce's stock.

This is not the only change in guidance for Salesforce. In August, the company increased its fiscal 2027 revenue forecast to $46.1 billion-$46.4 billion and its earnings per share (EPS) forecast to $16.67-$16.71. This increase was due in part to the strong adoption of its AI-powered products, including Agentforce.

Salesforce has seen significant institutional investment in recent quarters, with major investors such as California State Teachers Retirement System and BlackRock Inc. increasing their holdings in the company.