Bank of America upgrades Salesforce stock to Buy
Published on 10/13/2026 at 11:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Bank of America upgraded Salesforce to Buy from Underperform and raised its price 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, while Agentforce annual recurring revenue exceeded USD 1.5 billion.
- Salesforce stock was trading at EUR 210.03 at Lang & Schwarz on October 13, 2026 at 11:44 a.m. CEST.
- The next earnings date listed for Salesforce is November 30, 2026.
Salesforce stock was trading at EUR 210.03 at Lang & Schwarz on October 13, 2026 at 11:44 a.m. CEST. Bank of America upgraded Salesforce to Buy from Underperform on October 12, 2026 and raised its price target from USD 160.00 to USD 285.00, as Markets Insider reported.
Three dates define the setup
On August 26, 2026, Salesforce reported USD 11.35 billion in revenue for fiscal second quarter 2027, according to The Cerbat Gem. On September 17, 2026, BMO raised its Salesforce target from USD 250.00 to USD 285.00, according to MoneyCheck. On October 12, 2026, Bank of America made the latest move, switching its rating to Buy and lifting the target from USD 160.00 to USD 285.00, according to Markets Insider.
What supports the AI case?
The upgrade rests on evidence that Salesforce is turning artificial intelligence usage into recurring demand. Agentforce annual recurring revenue exceeded USD 1.5 billion in fiscal second quarter 2027, up more than 240 percent year over year, while about half of quarterly Agentforce bookings came from customers buying additional usage credits, TIKR reported.
The broader fiscal second-quarter picture was also quantified. Subscription and support revenue rose 11.70 percent year over year to USD 10.82 billion, while current remaining performance obligations increased 14.00 percent to USD 33.50 billion, according to Yahoo Finance. The comparison matters because the AI business is expanding faster than the consolidated revenue base, but the USD 1.50 billion Agentforce figure remains a recurring-revenue indicator rather than reported revenue.
Next reporting date
Ticker Terminal lists November 30, 2026 as the next Salesforce earnings date. The upcoming report will provide the next quantified test of whether Agentforce adoption can support the fiscal 2027 revenue outlook of USD 46.10 billion to USD 46.40 billion.
Stock price and valuation context
Salesforce was trading at EUR 210.03 at Lang & Schwarz on October 13, 2026 at 11:44 a.m. CEST. The primary listing is on the NYSE, where the finance quote showed USD 233.92 at the latest October 12, 2026 timestamp, with a market capitalization of USD 191.6 billion and a 52-week range of USD 146.32 to USD 269.11.
The further course of trading is shown by the continuously updated real-time quote of Salesforce stock.
Salesforce stock facts
- Company: Salesforce, Inc.
- ISIN: US79466L3024
- Ticker: CRM
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 13, 2026, 11:44 a.m. CEST): EUR 210.03
- Market capitalization: USD 191.6 billion (as of October 12, 2026)
- Sector / Industry: Technology / Software - Application
Market context: Market report S&P 500.
