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Wall Street Splits on Salesforce as AI Pivot Sets 2030 Ambition

New guidance calls for revenue topping $60 billion by FY2030 excluding Informatica.

Overview

  • TD Cowen reiterated a Buy rating with a $335 target, citing the integration of Customer 360 with AI-driven Agentforce and noting shares trade near roughly 15x 2026 EV-to-free cash flow.
  • RBC kept a Sector Perform rating with a $250 target, warning the shift into automation pits Salesforce more directly against ServiceNow and supports a fair-value view around a mid-teens FCF multiple.
  • Aureus Asset Management’s Karen Firestone said she is selling the stock, pointing to slower-than-expected revenue impact from AI efforts and recent softer growth guidance.
  • Forbes highlighted that Salesforce shares are sitting in a historically watched support band between $243.82 and $269.48, where prior rebounds have followed.
  • Management’s FY2030 outlook was outlined at Dreamforce and explicitly excludes the pending Informatica acquisition, which is expected to close in early FY2027.