Salesforce jumps after DF25 as analysts highlight long-term AI opportunity

Investing.com -- Salesforce shares have jumped 6.4% premarket Thursday following upbeat reactions from analysts to the company’s Dreamforce conference and first formal analyst day since 2022.

Barclays said it “liked the message from Dreamforce and the analyst day,” noting that “to deliver enterprise AI, customers need more than just a powerful LLM and CRM showed that it understands the complexity involved and is on the right path.”

The firm described Salesforce’s new long-term guidance as positive but also realistic, a good setup.

Barclays maintained its Overweight rating, citing “an attractive” valuation of around 15x estimated 2026 enterprise value to free cash flow.

Salesforce management set new long-term goals, including an “organic revenue target of $60bn+ by FY30” and a “Rule of 50 framework by FY30,” implying steady margin expansion and increased share buybacks.

Barclays said growth confidence was driven by improving net new average order value and momentum with downmarket customers.

Meanwhile, Stifel said Salesforce’s event underscored the company’s ambition to lead in the emerging “Agentic Enterprise,” highlighting the launch of “Agentforce 360,” a platform that is said to combine agent building, voice capabilities, and improved automation.

Stifel noted that Salesforce now offers multiple pricing models, including the new “Agentic Enterprise License Agreement,” designed to drive greater Agentforce adoption for enterprise customers.

Management also reportedly expressed confidence that its new AI-driven strategy would support a reacceleration in top-line growth within 12 to 18 months.

Stifel maintained its Buy rating and $300 price target on the stock. The firm concluded: “With the groundwork laid to capitalize on the rise of the ‘Agentic Enterprise,’ growth stabilizing and potentially improving in the near/mid-term, and management committing to solid margin improvement and share repurchases, we believe CRM shares are attractive at current levels.”

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