Salesforce stock falls despite fresh analyst price target hikes

Published on 09/18/2026 at 12:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Salesforce stock slipped around 3 percent on September 17, 2026 even as several analysts raised their price targets and reiterated Buy ratings. The company also projected revenue of more than USD 63 billion for fiscal 2030, above Wall Street expectations.

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Salesforce, Inc. stock (ISIN US78409V1044) came under pressure on September 17, 2026, with shares falling about 3.1 percent to around USD 242.85 on the New York Stock Exchange even as multiple analysts raised their price targets and reiterated positive ratings on the customer relationship management specialist.

Analysts lift price targets after Dreamforce

According to TipRanks on September 17, 2026, several analyst houses used the conclusion of Salesforce's Dreamforce 2026 conference to lift their price targets while keeping Buy recommendations in place, including Stifel, Canaccord Genuity, Freedom Capital and Guggenheim, all moving their targets to USD 300 or USD 295 per share from levels between USD 230 and USD 275.

The same overview from TipRanks highlights that Stifel's new USD 300 price target, up from USD 275, implies roughly 22 percent upside from the prior close, while Freedom Capital's increase from USD 230 to USD 295 suggests near 20 percent potential upside, underlining the conviction behind the bullish analyst stance.

Long term revenue guidance and valuation context

On the fundamental side, Salesforce sharpened its long term outlook during recent investor discussions, projecting annual revenue of more than USD 63 billion by fiscal 2030, compared with Wall Street expectations of USD 60.66 billion for that period, as reported by GuruFocus on September 17, 2026; the guidance therefore stands around USD 2.34 billion above consensus, signaling management confidence in sustained double digit growth.

The same analysis from GuruFocus notes that Salesforce's shares were trading near USD 243.10 at the time, roughly 29.2 percent below the platform's GF Value estimate of USD 343.34 per share, and points out that the stock's price earnings ratio of 22.16 is significantly lower than its five year median P/E of 70.08, underscoring a valuation reset despite the strong long term revenue trajectory.

Recent price action and market reaction

Despite the supportive analyst commentary and long term guidance, short term price action remained negative around mid September, with GuruFocus reporting that Salesforce shares fell 3.1 percent on September 17, 2026 to USD 242.85, a move that expanded the gap to the GF Value estimate to 29.3 percent and reinforced the perception of undervaluation among fundamental oriented investors.

According to the same piece from GuruFocus, the GF Value for Salesforce is calculated at USD 343.34 based on historical multiples, past performance and analysts' estimates, making the USD 242.85 market price on that date about USD 100.49 below the intrinsic value estimate and providing what the platform describes as a margin of safety.

Consensus ratings and upcoming expectations

Analyst consensus data compiled by TipRanks on September 17, 2026 show that Salesforce carries a Moderate Buy rating, based on a mix of Buy and Hold recommendations, with a consensus price target of USD 271.88 per share that implies around 8 percent upside from the recent closing level of USD 250.54.

The same TipRanks overview cites Oppenheimer and JPMorgan among the brokers reiterating positive views, with Oppenheimer assigning a USD 275 price target and JPMorgan maintaining a USD 265 target in recent research, while a separate report from GuruFocus notes that RBC Capital reaffirmed a Sector Perform rating with a USD 250 target on September 17, 2026, reflecting more cautious expectations even as the firm's commentary highlighted the positive takeaways from Dreamforce around artificial intelligence and data strategy.

Stock level and market capitalization

Per recent NYSE data cited in several analyst and portal reports, Salesforce shares closed at USD 250.54 on the New York Stock Exchange on September 16, 2026, before slipping to an intraday level around USD 242.85 on September 17, 2026; this places the stock meaningfully below widely cited intrinsic value estimates around USD 343.34 and also below many of the newly raised analyst price targets in the USD 275 to USD 300 range.