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Wall Street firm doubles down on Salesforce with a $400 price target, betting on 70% returns from AI growth.

Analyst Insights
23 Sep 2026
24/7 Wall Street
View Source
Bullish
Wall Street firm doubles down on Salesforce with a $400 price target, betting on 70% returns from AI growth.

Salesforce shares have declined over the past year, lagging behind peers in the enterprise software sector. Despite this, Needham & Company maintains a bullish $400 price target, implying a 71.5% upside, based on strong growth potential from its AI product Agentforce and a unified Data Cloud strategy. Salesforce's recent revenue growth and raised guidance support optimism, though concerns remain about debt, restructuring costs, and integration risks. The stock trades at a forward P/E of 14, and while the consensus target suggests a 20.8% upside, Needham's call represents an optimistic scenario if AI-driven growth accelerates.

Salesforce trades at USD 234.60 on Pluang as of Sep 23, 2026 18:02 WIB, showing a modest 0.57% gain in the past day. The stock's market cap stands at $191.99 billion with a forward P/E of 14, indicating moderate valuation relative to earnings. This trading activity complements the article's note of Salesforce's recent revenue growth and raised guidance, underscoring cautious optimism despite the stock's year-long decline.

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