Salesforce sets $63 billion revenue target as AI reshapes growth

DA Davidson raised its Salesforce (CRM) price target to $225 from $200, citing cost synergies and growth prospects. The stock trades at $250.54, with a 77% gross profit margin and PEG ratio of 0.38. Salesforce reiterated its $63B revenue guidance for 2030, with analysts citing AI strategy and margin expansion.

DA Davidson raised its price target for Salesforce from $200 to $225, keeping a neutral rating. Salesforce aims for over $63 billion in fiscal 2030 revenue, driven by AI growth.

Guggenheim raised its price target on Salesforce (NYSE: CRM) to $300 from $270, citing the company's AI strategy and potential for growth. Analyst John DiFucci noted Salesforce's logical approach to AI and expected accelerating subscriptions. Salesforce trades at a P/E ratio of 23.24 and a PEG ratio of 0.38, with 34 analysts revising earnings upwards.

BMO Capital increased its price target for Salesforce to $285 from $260, maintaining an Outperform rating. The firm is optimistic about Salesforce's potential to benefit from enterprise AI adoption, citing new products and partnerships like AIforce.

Salesforce set a $63B revenue target for fiscal 2030, exceeding analyst estimates. The outlook includes revenue from its acquisition of Informatica. CEO Marc Benioff hosted AI leaders at Dreamforce, expressing optimism about industry changes. Analyst Tyler Radke noted increased customer confidence in Salesforce's AI strategy.

Baird raised its price target on Salesforce to $300 from $275, maintaining an Outperform rating. The company's stock was trading at $250.54, down 2.00% in pre-market. Citigroup also adjusted its target to $263 from $233, keeping a Neutral rating.