Salesforce (NYSE:CRM) shares jumped 7% during early market action on Thursday following ambitious growth targets outlined by the software company during its Investor Day presentation at Dreamforce 2025 on Wednesday.
Most financial analysts provided positive reactions following the event.
Cantor reiterated its Overweight rating and $325 price target on the stock.
“Management set ambitious growth targets to reach $60b of revenue in FY30, or a ~10% organic CAGR,” said Cantor analysts Matthew VanVliet and Mason Marion in an investor note. “This compares to 8.8% guidance for FY26. Key drivers include continued multi-cloud penetration, particularly Data 360, Agentforce adoption and monetization, and pricing & packaging.”
KeyBanc also retained its Overweight rating and $400 price target.
“Net-new AOV growing faster than overall AOV (average order value) mathematically leads to an acceleration,” said KeyBanc analysts Jackson Ader and Jack Nichols in an investor note. “Management has said it aspired to double-digit growth in recent quarters but hadn’t put a timeline on it until today. It’s a big company and a barge of a top-line, but the inflection is now expected to come in 12–18 months. This leads to a target of $60B+ in FY30, an organic growth CAGR of over 10%.”
Piper Sandler reiterated its Overweight rating and $315 price target.
“Net new average order value has emerged as primary metric internally aligning the entire company behind the goal of driving a durable top-line reacceleration,” said Piper Sandler analysts Hannah Rudoff and J.R. Herrera in a Thursday investor note.
“While NNAOV growth was largely suppressed from FY23-FY25 (growing less than AOV), bookings acceleration and retention improvements have driven a strong rebound with NNAOV growth beginning to exceed AOV growth, which has given management confidence in a growth inflection occurring within 12-18 months (could prove conservative),” Rudoff added.
However, RBC reiterated its Sector Perform rating and a modest $250 price target.
“Stepping back, while the medium-term targets are encouraging and ahead of our expectations, we remain on the sidelines,” said RBC analysts, led by Rishi Jaluria, in a note. “This stance reflects uncertainty around long-term Agentforce adoption and monetization, as well as potential execution risk from Informatica.”