Salesforce Stock Soars on AI Success: Q3 Beat & Strong Outlook

Salesforce Stock Hits Record High as AI Agent Platform Drives Strong Q3 Results

Salesforce shares surged 11% to a record high of $368.70 on Wednesday, adding over $35 billion to its market value after the company exceeded quarterly revenue expectations and delivered promising updates on its AI strategy.

The CRM giant's impressive performance centers around Agentforce, its newly launched AI agent platform that helps businesses automate tasks. Despite being available for only two months since late October, Agentforce already secured 200 deals and shows a robust pipeline ahead.

Key Financial Highlights

• Q3 Revenue: $9.44 billion (8% growth), beating analyst estimates of $9.35 billion
• 2025 Forecast: Raised to $37.8-38 billion from previous $37.7-38 billion range
• Stock Performance: Up 26% year-to-date with new median analyst target of $380 (15% upside potential)

The AI momentum lifted other cloud stocks too, with Oracle gaining 3.2%, ServiceNow up 3.5%, and both Datadog and Snowflake rising 4%.

"We came away more confident about CRM's initial success driving its Agentforce AI agent builder platform across the enterprise space," noted Angelo Zino, senior equity analyst at CFRA Research. He expects the platform to drive significant growth in the second half of next year and throughout 2026.

At least 20 analysts raised their price targets following the earnings beat. Baird Equity Research analysts praised the company's AI strategy progress and potential upside as enterprise spending recovers.

The results highlight how AI agents—software that can complete tasks autonomously—are becoming a major growth driver for enterprise software companies looking to capitalize on the AI revolution.

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