Bank of America upgrades Salesforce stock and lifts target to USD 285
Published on 10/20/2026 at 10:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAI strategy wins analyst backing
- Bank of America raised its Salesforce target to USD 285 from USD 160 on October 12, 2026.
- Salesforce reported USD 11.35 billion in fiscal second-quarter 2027 revenue on August 26, 2026.
- Salesforce stock was trading at EUR 216.33 at 10:47 a.m. CEST at Lang & Schwarz on October 20, 2026.
- Salesforce is scheduled to report its next results on December 2, 2026.
Salesforce (ISIN US79466L3024) received a double upgrade from Bank of America on October 12, 2026, as the bank lifted its price target from USD 160 to USD 285. The move puts the analyst case on the company's artificial intelligence strategy and enterprise software position.
According to CNBC, Bank of America changed its rating from Underperform to Buy and argued that large enterprises are unlikely to replace platforms containing business logic, data, workflows and compliance frameworks. The new target is 78.13 percent above the old USD 160 target.
Three dates define the case
Salesforce reported fiscal second-quarter 2027 revenue of USD 11.35 billion on August 26, 2026. The company also reported Agentforce annual recurring revenue above USD 1.5 billion for that period, while combined Agentforce and Data 360 annual recurring revenue approached USD 3.9 billion.
On October 12, 2026, Bank of America raised the target to USD 285. The upgrade followed Salesforce's second-quarter figures and focused attention on whether artificial intelligence will expand demand for its existing platform rather than displace it.
What does the growth mean?
Salesforce's fiscal second-quarter 2027 revenue rose 10.80 percent from the prior-year period to USD 11.35 billion, according to Nasdaq. Diluted GAAP earnings per share reached USD 4.29, while operating income was USD 2.33 billion and operating cash flow was USD 1.27 billion. The figures show a widening AI business, but the total revenue growth rate remains the central operating measure.
Next reporting date
Salesforce is scheduled to publish its next quarterly results on December 2, 2026, after the market close, according to Gekko. That report will test whether Agentforce adoption and the broader data portfolio are translating into sustained double-digit revenue growth.
Stock holds the market focus
Salesforce stock was trading at EUR 216.33 at Lang & Schwarz on October 20, 2026, at 10:47 a.m. CEST. The quote gives investors a current German-market reference while the October 12 target change frames the debate around valuation and AI execution. The further course of trading is shown by the continuously updated real-time quote of Salesforce stock.
Salesforce stock key figures
- Company: Salesforce, Inc.
- ISIN: US79466L3024
- Ticker: CRM
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 20, 2026, 10:47 a.m. CEST): EUR 216.33
- Sector / Industry: Information Technology / Software
- Next earnings date: December 2, 2026
Market context: Market report S&P 500.
