Salesforce (CRM) shares fell nearly 3% on Thursday following its Dreamforce investor conference. The event focused on the company's strategy for monetizing artificial intelligence and future growth potential.
Analysts from JPMorgan, Stifel, and Canaccord Genuity raised their price targets despite the market decline. These firms cited the growing AI business and premium upgrade opportunities as drivers for a bullish outlook. JPMorgan analysts described the event as incrementally positive for a potential stock re-rating.
Management reiterated its fiscal 2030 revenue target of $63 billion. The company provided no major changes to its immediate financial outlook.