Salesforce stock edges higher as Jefferies sticks to Buy rating
Published on 09/21/2026 at 19:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Salesforce, Inc. stock (ISIN US78409V1044) is trading around USD 237.90 on the New York Stock Exchange as of September 21, 2026, with recent data showing the shares near levels seen after the latest earnings-driven move and Dreamforce volatility. According to MarketScreener on September 21, 2026, Jefferies reiterates a Buy rating on Salesforce stock with a target price of USD 300, implying notable upside from a last close of USD 237.92 on September 18, 2026.
Jefferies reiterates Buy and USD 300 target
Jefferies remains positive on Salesforce, keeping its Buy rating and maintaining a target price of USD 300 per share, as reported by MarketScreener on September 21, 2026.
The unchanged USD 300 target implies upside of about 26 percent versus the USD 237.92 last close cited in that overview, underlining that Jefferies sees room for further gains if Salesforce delivers on its growth and margin ambitions.Moomoo highlights that Jefferies bases its valuation on a discounted cash flow framework and notes that the USD 300 target implies upside from a reference price of USD 237.92.
In parallel, broader analyst consensus compiled by MarketBeat on September 21, 2026 shows an average 12-month price target of USD 275.14 for Salesforce stock based on 50 analyst ratings, with the current price in that overview at USD 237.56, pointing to about 15.8 percent expected upside from consensus.
Q2 FY27 results and AI-driven growth
Recent quarterly figures underpin the positive stance from many analysts. In its second quarter of fiscal year 2027, covering the period from May to July 2026, Salesforce reported revenue of USD 11.35 billion, up 11 percent year over year and marking a new quarterly high for the company, according to an earnings analysis published on August 26, 2026 and summarized by Gold River.
Operating income in Q2 FY27 reached around USD 2.33 billion, corresponding to an operating margin of roughly 20.5 percent for the quarter, which reflects substantial profitability compared with earlier years.Gold River notes that adjusted non-GAAP earnings per share came in at USD 5.90, significantly above a cited market expectation of USD 3.27, meaning the company beat that earnings consensus by USD 2.63 per share in the quarter.
Free cash flow for Q2 FY27 was reported at around USD 1.10 billion, increasing by about 81 percent year over year, which underscores improved cash generation and efficiency.Gold River also highlights that current remaining performance obligation (cRPO), representing contracted revenue expected over the next 12 months, expanded by 14 percent year over year to USD 33.5 billion in Q2 FY27, indicating solid demand visibility.
A key theme in recent commentary is the strength of Salesforce’s AI and data offerings. Gold River reports that annualized recurring revenue (ARR) from the Agentforce autonomous AI agent platform exceeded USD 1.5 billion in Q2 FY27, rising more than 240 percent year over year, while AI and Data 360 offerings together reached ARR of about USD 3.9 billion.
Valuation views and recent price performance
Beyond traditional analyst targets, valuation-focused research suggests the stock may trade below intrinsic value. According to a discounted cash flow analysis published by GuruFocus on September 21, 2026, Salesforce’s earnings-based DCF intrinsic value is estimated at USD 526.25 per share, with a free cash flow-based value of USD 525.81, both far above a cited current price of USD 237.92.
The same analysis states that this gap implies a margin of safety of around 54.8 percent between the market price and intrinsic value estimates, leading to the conclusion that Salesforce stock is significantly undervalued on those models.GuruFocus also cites a GF Value of USD 344.30, which still stands clearly above the USD 237.92 market level used in the report.
Price action around recent events has been volatile but ultimately supportive of a rebound narrative. Ad-hoc corporate news summarizes that Salesforce stock declined from USD 259.43 on September 14, 2026 to a close of USD 237.92 on September 18, 2026 over the five trading sessions spanning its Dreamforce conference, a drop of 8.29 percent during that period.
Despite that short-term setback, broader performance has started to improve as AI-related fears ease. MarketBeat notes on September 21, 2026 that Salesforce shares have recovered much of their earlier 2026 losses and that net new annual order value growth recently reached its strongest level in four years, signaling that customers are expanding commitments rather than cutting back.
Stock level and market context
For investors tracking the current price level, several portals point to a share price in the high USD 230s as of September 21, 2026. StocksNeuro lists Salesforce stock at USD 239.30 with a daily gain of 0.58 percent and a market capitalization of USD 196.94 billion, last updated on September 21, 2026.
In addition, a market capitalization series from BusinessQuant shows Salesforce CRM at a price of USD 237.55 with a daily move of minus 0.16 percent as of September 21, 2026 at 12:11 p.m. Eastern time, indicating that intraday fluctuations remain relatively moderate around the current trading band.
The latest price levels mean that Salesforce stock is trading some distance below the USD 300 target highlighted by Jefferies and below the average analyst target of USD 275.14 reported by MarketBeat, but above the local short-term support ranges flagged by some technical analysts.
Salesforce stock price and reference data
As of September 21, 2026, Salesforce stock can be referenced around USD 237.90 on its primary listing at the New York Stock Exchange, with recent intraday quotes such as USD 237.55 and USD 239.30 captured in midday trading snapshots in USD.
Salesforce stock at a glance
- Company: Salesforce, Inc.
- ISIN: US78409V1044
- Ticker: CRM
- Trading venue: NYSE
- Price (as of September 21, 2026): 237.90 USD
- Market capitalization: 196.94 billion USD (as of September 21, 2026)
- Sector / Industry: Software / Cloud computing
- Index membership: S&P 500
