Bank of America upgrades Salesforce stock to Buy at USD 285

Published on 10/16/2026 at 10:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA lifted its target from USD 160.00 to USD 285.00 on October 12, 2026. Salesforce stock trades at EUR 221.73 on October 16, 2026.

Target reset and earnings context

Bank of America raised its Salesforce target from USD 160.00 to USD 285.00 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 221.73 at 10:31 a.m. CEST at Lang & Schwarz on October 16, 2026.
Salesforce had a USD 203.1 billion market capitalization as of October 15, 2026.

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Salesforce (ISIN US79466L3024) received a USD 285.00 price target after Bank of America upgraded the stock to Buy from Underperform on October 12, 2026, according to Markets Insider. The revised target puts the analyst view USD 125.00 above the previous target.

Bank of America resets valuation

The target increase represents a 78.13 percent rise from USD 160.00 and places the new valuation at 16 times estimated calendar 2027 free cash flow. The central argument is that artificial intelligence may deepen enterprise reliance on platforms that manage business logic, workflows and compliance data.

Three milestones reshape the case

On August 26, 2026, Salesforce reported fiscal second-quarter 2027 revenue of USD 11.35 billion, versus USD 11.33 billion expected, while adjusted earnings per share reached USD 5.90 versus USD 3.27, according to MarketBeat. On September 16, 2026, Mizuho raised its Salesforce target from USD 265.00 to USD 280.00 in the same market review.

The latest event came on October 12, 2026, when Bank of America raised its target from USD 160.00 to USD 285.00 and changed its rating from Underperform to Buy. The sequence shows how analyst valuation has moved higher even as the company remains exposed to the pace of artificial intelligence adoption.

What does the upgrade mean for growth?

According to Yahoo Finance on October 12, 2026, Bank of America lifted its subscription and support revenue growth forecasts to 10.40 percent for fiscal 2028 and 10.50 percent for fiscal 2029, from 9.90 percent and 10.20 percent. The counter-factor is that Salesforce artificial intelligence revenue remains small, so the thesis depends on customer adoption accelerating.

Euro quote sets the trading reference

Salesforce was trading at EUR 221.73 at Lang & Schwarz on October 16, 2026 at 10:31 a.m. CEST. On the primary exchange, the latest quote was USD 246.74 on October 15, 2026 at 4:00 p.m. ET, while the one-year range ran from USD 146.32 to USD 269.11.

The further course of trading is shown by the continuously updated real-time quote of Salesforce stock.