Salesforce stock falls 1.76 percent as analysts lift targets

Salesforce Inc. (ISIN US78409V1044) was last at USD 234.02 on the NYSE on September 28, 2026, down 1.76 percent from USD 238.22. The stock's current valuation meets a stronger operating backdrop, with fiscal Q2 revenue of USD 11.35 billion and adjusted earnings per share of USD 5.90.

Analysts raise targets to USD 300

According to MarketBeat on September 17, 2026, Canaccord Genuity raised its Salesforce price target from USD 270.00 to USD 300.00 and maintained a buy rating. The target is USD 65.98 above the September 28 price, which places the implied distance at 28.19 percent.

MarketBeat also reported an average analyst target of USD 269.38 and a Moderate Buy consensus on September 17, 2026. That average target is USD 35.36 above the latest NYSE price, or 15.11 percent.

Q2 growth supports the case

Salesforce's fiscal second quarter ended July 31, 2026, and revenue rose 10.8 percent year over year to USD 11.35 billion, according to StockTitan. Adjusted EPS reached USD 5.90 versus a USD 3.27 consensus estimate, while GAAP diluted EPS was USD 4.29.

The same fiscal Q2 filing summary showed non-GAAP operating margin of 34.1 percent and operating cash flow of USD 1.3 billion, up 71 percent year over year. Salesforce raised fiscal 2027 revenue guidance to USD 46.1 billion to USD 46.4 billion and maintained non-GAAP operating margin guidance of 34.3 percent.

Stock trades below its yearly high

Salesforce's September 28 trading range was USD 233.38 to USD 239.37, while the 52-week range was USD 146.32 to USD 269.11. Volume reached 8,740,000 shares and market capitalization stood at USD 192.6 billion on the same date.

Salesforce stock was last at USD 234.02 on the NYSE on September 28, 2026. The 13.04 percent gap below the 52-week high leaves valuation and execution of the company's AI strategy as the key context for the analyst targets.

More news and analyses on Salesforce stock