Salesforce Targets $63B Revenue by 2030, Tops Consensus
CRM sits 72% above its 52-week low of $146.32.
Summary
Salesforce set a long-term revenue target of over $63 billion for fiscal 2030, above the $61.4 billion analyst consensus. The projection was announced at the company's annual conference by COO Robin Washington. The company also detailed new AI integrations, including Claudeforce and Koa, with Koa being tested by nearly 1,000 enterprise clients. This follows a strong Q2 FY27 report in August that beat expectations and raised full-year guidance. The long-term target and AI product momentum reinforce the company's positioning in enterprise AI, though the 2030 timeframe is distant and the stock has already rebounded sharply from its summer lows.
At the time of this announcement, CRM was trading at $251.14 on NYSE in the Technology sector, with a market capitalization of approximately $206.2B. The 52-week trading range was $146.32 to $269.11. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.