Analysts Reassess Salesforce After Dreamforce With Diverging Views on Agentforce

Overview

• Canaccord Genuity reiterated a Buy rating with a $300 price target, citing Salesforce’s reimagined “Agentic Enterprise” platform and the potential for customers adopting Agentforce to lift ARR by three to four times over time.
• RBC Capital maintained Sector Perform with a $250 target after Dreamforce, noting Salesforce’s shift to serve as an AI orchestration layer and warning that overlap with ServiceNow in workflow automation is intensifying.
• Management’s growth narrative centers on Data Cloud and AI agents, yet reports note Agentforce traction has materialized more slowly than many investors expected.
• Salesforce reported Q2 fiscal 2026 revenue of $10.24 billion, up 10% year over year with an EPS beat, but its Q3 guidance came in below expectations.
• The company outlined a path to more than $60 billion in revenue by 2030, excluding the pending Informatica deal, and shares briefly rose about 4.5% during Dreamforce as it also detailed a $1 billion, five-year Mexico expansion that includes a new Polanco office, an Americas Global Delivery Center, and AI skills training.