Salesforce stock faces AI deal after 10.8 percent growth
Published on 10/05/2026 at 14:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Salesforce stock (ISIN US79466L3024) closed at USD 234.69 on October 2, 2026, down 0.84 percent from the prior session on the NYSE. The latest company story combines a planned AI acquisition with fiscal Q2 growth of 10.8 percent.
AI deal adds a new growth test
In its October 1, 2026 report, MarketBeat said Salesforce had signed a definitive agreement to acquire Listen Labs, an AI-powered customer research platform. The report also cited expanded AI governance partnerships, placing product adoption alongside the acquisition as the immediate test for Salesforce's strategy.
The financial base is stronger than the share-price move suggests. Salesforce reported fiscal Q2 2027 non-GAAP earnings of USD 5.90 per share, up 102.7 percent year over year, while revenue reached USD 11.35 billion, up 10.8 percent, according to Zacks on September 25, 2026.
AI metrics outpace total revenue
Salesforce's current remaining performance obligations rose 14 percent year over year to USD 33.5 billion in fiscal Q2 2027. Agentforce ARR exceeded USD 1.5 billion, rising more than 240 percent year over year, while Agentforce and Data 360 were central to the company's expansion narrative, Zacks reported.
Management also lifted fiscal 2027 revenue guidance to USD 46.10 billion to USD 46.40 billion from USD 45.90 billion to USD 46.20 billion. The same guidance calls for fiscal Q3 revenue of USD 11.42 billion to USD 11.50 billion and non-GAAP earnings of USD 3.42 to USD 3.44 per share, according to Zacks.
Consensus target stays above price
MarketBeat listed a Moderate Buy consensus from 50 analysts and an average price target of USD 275.14 on October 1, 2026. That target lies 17.2 percent above the October 2 price of USD 234.69, leaving the market focused on whether AI revenue can convert into broader growth.
Stock remains below yearly high
Salesforce stock closed at USD 234.69 on October 2, 2026, with a 52-week range of USD 146.32 to USD 269.11. The close was 12.8 percent below the yearly high, while trading volume reached 7,840,153 shares.
Salesforce stock facts
- Company: Salesforce, Inc.
- ISIN: US79466L3024
- Ticker: CRM
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 234.69 Closing price (October 2, 2026)
- Market capitalization: USD 192.2 billion (as of October 2, 2026)
- 52-week range: USD 146.32-269.11 (as of October 2, 2026)
- Sector / Industry: Technology / Cloud-based customer relationship management software
Upcoming dates for Salesforce stock
- October 8, 2026: Quarterly dividend payment
