Salesforce Stock Soars 11% as New AI Agent Platform Shows Early Promise

Salesforce reached a record high Wednesday, climbing 11% to $368.7 after the CRM giant exceeded quarterly revenue expectations and delivered promising early results from its new AI platform, Agentforce. The surge added over $35 billion to the company's market value, signaling strong investor confidence in its AI strategy.

Strong Q3 Performance Beats Expectations

The company reported third-quarter revenue of $9.44 billion, an 8% increase that beat analyst estimates of $9.35 billion. Salesforce also raised its fiscal 2025 revenue forecast to between $37.8 billion and $38 billion, up from the previous range of $37.7 billion to $38 billion.

Agentforce AI Platform Gains Early Traction

Despite launching in late October, Salesforce's Agentforce AI agent platform has already secured 200 deals and shows a strong pipeline ahead. The platform allows businesses to deploy AI agents that can autonomously complete tasks, tapping into the growing demand for enterprise AI automation.

Key takeaways for investors:

• Record stock performance: Shares gained 26% year-to-date with analysts setting a median price target of $380 (15% upside potential)
• AI momentum building: CFRA Research analyst Angelo Zino expects Agentforce to drive significant growth in H2 2025 and 2026
• Sector-wide boost: The positive results lifted other cloud companies, with Oracle up 3.2%, ServiceNow up 3.5%, and both Datadog and Snowflake rising 4%

What This Means for Enterprise AI

Salesforce's early success with Agentforce demonstrates the market appetite for AI tools that can handle complex business tasks without human intervention. As Baird Equity Research noted, the company is well-positioned heading into fiscal 2026 with reasonable expectations and strong AI progress.

The stock rally reflects broader confidence that enterprise AI spending will accelerate as companies seek productivity gains through automation.