Salesforce Draws Wall Street Optimism with $60B Revenue Target and AI Strategy
Salesforce (NYSE:CRM) is gaining bullish attention from analysts after outlining ambitious long-term targets, including $60 billion in organic revenue by fiscal 2030. Canaccord Genuity's David Hynes reiterated a Buy rating and $300 price target, calling the stock a "relatively low-risk bet" in large-cap software.
The Optimism stems from Salesforce's Agentic Enterprise strategy, which combines AI agents, data, and applications to potentially triple or quadruple customer spending. Management notes mid-tier cloud users could significantly expand their annual recurring revenue by adopting the new model.
Flexible licensing options and expanded sales capacity are expected to create a consumption flywheel effect. Despite recent gains, analysts argue valuation remains attractive given the company's fundamentals and growth runway.
