Salesforce’s AI tools drive growth

Salesforce shares soared to a record high of $368.7 on Wednesday, climbing 11% after surpassing quarterly sales estimates and offering an optimistic outlook for its AI-driven products. The company’s newly launched Agentforce platform, designed to autonomously handle tasks, has become a key driver of this growth, with Salesforce banking on its potential to transform enterprise operations.

In a post-earnings call, executives highlighted Agentforce’s initial success, noting 200 deals closed since its late October release. Analysts expressed confidence in its long-term potential, predicting significant gains by 2026. The positive results prompted at least 20 analysts to raise their price targets, with the new median estimate sitting at $380—indicating a further 15% potential upside.

Salesforce’s market valuation surged by over $35 billion, reaching $316.85 billion. Third-quarter revenue grew by 8% to $9.44 billion, surpassing expectations. The momentum also lifted other US cloud companies, including Oracle, ServiceNow, Datadog, and Snowflake, which posted gains of 3% to 4%.

The company now forecasts fiscal year 2025 revenue of $37.8 billion to $38 billion. Analysts remain optimistic about Salesforce’s strategic push into AI and the revival of enterprise spending, positioning the firm for continued success heading into 2026.