Bank of America raises target for Salesforce stock to USD 285.00
Published on 10/13/2026 at 15:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and quarterly growth
- On October 12, 2026, Bank of America lifted its Salesforce target from USD 160.00 to USD 285.00.
- Revenue rose 10.80 percent to USD 11.35 billion in the fiscal second quarter ended July 31, 2026.
- Salesforce stock costs EUR 214.95 at Lang & Schwarz on October 13, 2026 at 3:41 p.m. CEST.
- Salesforce had a P/E ratio of 22.29 and a market capitalization of USD 199.6 billion on October 13, 2026.
Bank of America lifted its Salesforce target from USD 160.00 to USD 285.00 on October 12, 2026, according to Yahoo Finance. Against the latest US quote of USD 243.68 on October 13, 2026 at 9:56 a.m. ET, the new target stands 16.96 percent higher. At Lang & Schwarz, Salesforce was trading at EUR 214.95 on October 13, 2026 at 3:41 p.m. CEST.
Revenue grows in the second quarter
Salesforce generated USD 11.35 billion in revenue in the fiscal second quarter ended July 31, 2026, up 10.80 percent from the year-earlier period, according to Yahoo Finance. Subscription and support revenue rose 11.70 percent to USD 10.82 billion, while current remaining performance obligations increased 14.00 percent to USD 33.50 billion.
The same report said Agentforce annual recurring revenue exceeded USD 1.50 billion in the fiscal second quarter, a gain of more than 240.00 percent from a year earlier. Salesforce also raised its fiscal 2027 revenue outlook to USD 46.10 billion to USD 46.40 billion from USD 45.90 billion to USD 46.20 billion.
Market value reaches USD 199.6 billion
Salesforce's latest US quote of USD 243.68 put the company at a market capitalization of USD 199.6 billion and a P/E ratio of 22.29 on October 13, 2026. The quote showed volume of 1,606,286 shares against an average volume of 13,135,759 shares.
For context, Investor's Business Daily reported on October 12, 2026 that Bank of America upgraded Salesforce from Underperform to Buy. The report also cited Agentforce annual recurring revenue of USD 1.50 billion in the fiscal second quarter.
Lang and Schwarz price at EUR 214.95
The euro quote places Salesforce at EUR 214.95 at Lang & Schwarz on October 13, 2026 at 3:41 p.m. CEST. The company is listed on the NYSE under ticker CRM, and its ISIN is US79466L3024, according to Global Banking and Finance Review.
The further course of trading is shown by the continuously updated real-time quote of Salesforce stock.
Salesforce stock details
- Company: Salesforce, Inc.
- ISIN: US79466L3024
- Ticker: CRM
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 13, 2026, 3:41 p.m. CEST): EUR 214.95
- Market capitalization: USD 199.6 billion (as of October 13, 2026)
- Sector / Industry: Technology / Software - Application
Market context: Market report S&P 500.
