Salesforce (CRM) stock has risen 18.0% over the past month, edging up 0.3% over the last year despite a 1.8% slip in the past week. Wall Street’s analysts are moderately bullish, forecasting upside from a 12‑month average price target of $272.54 versus a last close of $242.85.
Yet opinions on Salesforce diverge sharply. Tal Liani of BofA, a 4‑star analyst ranked 734 out of 12,448 with a 57.1% success rate and 9.9% average return, reiterated a Sell rating with a $160 price target, signaling notable downside from current levels. He sees promise in Salesforce’s “agentic enterprise” AI framework but questions how much value will accrue to software vendors versus AI model providers.
Liani highlights Salesforce’s Data 360 as a way to tap customer data via zero‑copy connections, combining it with Salesforce metadata and workflows to give AI agents better context and more actions. He also notes AIforce, which extends Salesforce into interfaces like Slackforce, Claudeforce and Agentforce Coworker, but warns third‑party AI front ends could gain more control over the user experience even as Salesforce argues it remains the governed data and actions layer.
On the bullish side, Derrick Wood, ranked 9,989 out of 12,448 with a 47.5% success rate and a -0.7% average return, reiterated a Buy and a $300 target, betting on what he calls an AI “interface revolution” and an “upgrade megacycle.” After Dreamforce and the analyst day, he expects growth to accelerate from about 8% to roughly 12% by FY30, supported by high‑teens backlog growth, rising sales capacity and strong demand for Claudeforce and AIforce Max.
Another bull, David Hynes of Canaccord Genuity, ranked 12,295 out of 12,448 with a 40.6% success rate and -6.9% average return, also reiterated Buy and lifted his target to $300, arguing the growth story is getting clearer even if the AI math still needs work. He points to record pipelines, healthier coverage ratios and strong premium upgrades that can deliver 60–80% price uplifts and potentially 1.4x ARR expansion, while Salesforce positions AIforce and headless interfaces as its answer to the risk of SaaS disintermediation.
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