Jefferies keeps Buy rating for Salesforce stock

Published on 10/07/2026 at 14:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies sees a USD 300.00 target on September 20, 2026. Salesforce stock costs EUR 201.38 on October 7, 2026 versus EUR 199.59, plus 0.90 percent.

Fotorealistisches Datenzentrum mit endlosen blauen Server-Rack-Reihen und Spiegelböden — Salesforce US79466L3024 zeigt ein fotorealistisches Datenzentrum mit leuchtenden blauen Server Racks und Spiegelböden, Illustration mit AI erstellt.

Salesforce (ISIN US79466L3024) was trading at EUR 201.38 at Lang & Schwarz on October 7, 2026 at 2:31 p.m. CEST, up 0.90 percent versus the prior close of EUR 199.59. dpa-AFX reported on September 20, 2026 that Jefferies kept its Buy rating and USD 300.00 price target for Salesforce.

Jefferies keeps its AI case

Analyst Brent Thill cited Salesforce's expansion strategy and progress in artificial intelligence when maintaining the rating, according to dpa-AFX. The USD 300.00 target is 33.89 percent above the Lang & Schwarz price of EUR 201.38, but the currencies differ, so the comparison is directional context rather than a calculated return.

The rating arrives as the company tries to convert its AI investment into recurring enterprise demand. CNBC wrote on October 6, 2026 that Salesforce stock remained caught between confidence in its AI opportunity and doubts about growth through an enterprise software overhaul.

Revenue grows as guidance rises

Salesforce generated USD 11.35 billion in revenue in the second quarter of fiscal 2027, a 10.8 percent increase from the prior-year quarter, according to Zacks on September 25, 2026. Non-GAAP earnings per share reached USD 5.90, up 102.7 percent year over year, while Agentforce annual recurring revenue exceeded USD 1.50 billion, rising more than 240 percent.

The same report said Salesforce lifted fiscal 2027 revenue guidance to USD 46.10 billion to USD 46.40 billion from USD 45.90 billion to USD 46.20 billion. The increase includes USD 100 million of organic growth and USD 200 million tied to the pending Contentful and Fin acquisitions, partly offset by a USD 100 million foreign-exchange headwind.

Stock remains below its yearly high

Primary-market context places Salesforce on the NYSE under ticker CRM. The stock's USD 146.32 to USD 269.11 52-week range and USD 184.3 billion market capitalization were available as of October 7, 2026, leaving the Lang & Schwarz euro quote as the relevant reference for German investors.

On the NYSE, Salesforce was last at USD 224.99 on October 6, 2026 at 4:00 p.m. ET. The different currency and venue mean that this figure is context, not a replacement for the Lang & Schwarz quote.

AI execution sets the next test

For investors, the central comparison is between Salesforce's reported operating traction and the market's demand for faster AI-led growth. Revenue growth of 10.8 percent in the second quarter and Agentforce annual recurring revenue growth above 240 percent show that the new products are measurable, while the debate described by CNBC keeps the valuation narrative unsettled.

Salesforce's next reported quarter is expected to include revenue of USD 11.42 billion to USD 11.50 billion and non-GAAP earnings per share of USD 3.42 to USD 3.44, according to Zacks. Those figures give the market a concrete test for whether the AI contribution can support the raised fiscal-year outlook.

Salesforce stock at EUR 201.38

Salesforce was trading at EUR 201.38 at Lang & Schwarz on October 7, 2026 at 2:31 p.m. CEST, plus 0.90 percent versus the prior close of EUR 199.59. The further course of trading is shown by the continuously updated real-time quote of Salesforce stock.