Canaccord sets USD 300 target for Salesforce stock

Published on 10/05/2026 at 14:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Agentforce ARR hit USD 1.50 billion in fiscal 2027 second quarter, up 240.00 percent. Salesforce stock costs EUR 209.73 versus EUR 208.35.

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Salesforce (ISIN US79466L3024) was trading at EUR 209.73 at Lang & Schwarz on October 5, 2026 at 2:06 p.m. CEST, up 0.66 percent versus the EUR 208.35 prior close. According to 24/7 Wall St. on September 18, 2026, Canaccord set a new USD 300 target for Salesforce stock as six firms raised their targets after the company's investor event.

AI revenue is gaining scale

Salesforce's Agentforce annual recurring revenue reached USD 1.50 billion in the second quarter of fiscal 2027, rising 240.00 percent year over year. Combined Agentforce and Data 360 annual recurring revenue approached USD 3.90 billion, increasing more than 210.00 percent over the same period, according to Yahoo Finance on September 9, 2026.

The broader second-quarter revenue result was USD 11.35 billion, up 11.00 percent year over year, while subscription and support revenue rose 12.00 percent to USD 10.80 billion. The comparison matters because Agentforce remains a smaller activity than Salesforce's core subscription business, even as its growth rate is much faster.

FY2027 guidance sets the test

At its September 16, 2026 Investor Day, Salesforce targeted FY2027 revenue of USD 46.10 billion to USD 46.40 billion and a 34.30 percent non-GAAP operating margin. The high end compares with USD 41.50 billion of fiscal 2026 revenue and a 34.10 percent non-GAAP operating margin, according to StockTitan.

The same filing describes a proposed USD 25.00 billion accelerated share repurchase and an expected share-count reduction of at least 14.00 percent. That capital-return plan supports per-share metrics, but the filing classifies the repurchase and operating targets as forward-looking rather than completed actions.

Stock remains below its yearly high

Salesforce had a market capitalization of USD 192.2 billion and a 52-week range of USD 146.32 to USD 269.11 as of October 2, 2026. Its NYSE quote was USD 234.69 at 4:00 p.m. ET on that date, keeping the US listing and the euro Lang & Schwarz quote as separate market references.

For investors, the central valuation question is whether the 240.00 percent Agentforce ARR increase can translate into a larger share of Salesforce's USD 46.10 billion to USD 46.40 billion FY2027 revenue outlook. The next reported quarter is scheduled for December 8, 2026, according to the latest market calendar data.

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