Salesforce price targets range from $200 to $253 as Agentforce ARR jumps 169%
Salesforce shares rose 3.76% to close at $202.11 after Stephens cut its price target from $285 to $241 while Phillip Securities maintained a Buy rating with a $253 target and Citi held a $200 target. Agentforce ARR surged to $800 million, up 169% year‐over‐year on 29,000 deals.
1. Weekly Stock Performance
Salesforce shares climbed 3.76% over the week to close at $202.11, reflecting investor response to contrasting analyst outlooks.
2. Diverging Analyst Ratings
Stephens cut its price target from $285 to $241 and kept an Equal Weight rating, citing sluggish core revenue. Meanwhile, Phillip Securities reiterated a Buy rating with a $253 target based on AI momentum, and Citi maintained a Hold with its price target nudged to $200.
3. Bull and Bear Case Drivers
The bull case centers on Agentforce ARR reaching $800 million, up 169% year-over-year with 29,000 deals closed and expanding AI revenues. The bear case highlights margin erosion in traditional seat-based software and a downgrade of the company’s economic moat from wide to narrow.