Salesforce stock jumps after company offers rosy forecast for 2030

sales force Shares rose as much as 5% in extended trading after the business software maker released new financial targets for the next few years.

The company said it expects more than $60 billion in 2030, above the $58.37 billion consensus among analysts surveyed by LSEG.

The guidance excludes the impact of the pending acquisition of data management company Informatica. The $8 billion deal, announced in May, is planned to be completed in the fourth quarter of the fiscal year or the first quarter of fiscal 2027.

“We’ve had subdued growth for a while. That’s accelerating again,” Robin Washington, Salesforce’s chief operating and financial officer, said at an investor briefing at the company’s annual Dreamforce conference in San Francisco.

The company has called for an annualized organic revenue growth rate of over 10% between fiscal 2026 and 2030. The growth rate has been below 10 percent since mid-2024.

Investors are worried. So far in 2025, the stock is down 29% while the Nasdaq Composite index is up 17%.

Salesforce is counting on new revenue from the adoption of Agentforce software to automate customer service and other business processes, Washington said. A year ago, Salesforce introduced Agentforce as a way for brands to add chat-based customer service agents that connect large language models to internal data.

“Investors continue to ask why adoption of Agentforce has been slower than expected,” analysts at RBC Capital Markets wrote in an Oct. 3 note to clients. RBC Capital Markets has the equivalent of a hold rating on Salesforce shares.

Salesforce responds to stock performance. Washington said it expects to buy back another $7 billion worth of shares over the next six months.

Meanwhile, executives hope product improvements will attract more business.

Salesforce on Monday launched Agentforce Voice, which allows customers to have their agents answer customer service calls. On Tuesday, Salesforce announced larger partnerships with AI model developers Anthropic and OpenAI, bringing their latest models to Agentforce.

At Dreamforce, Salesforce highlighted the adoption of Agentforce. FedExPandora, PepsiCoWilliams Sonoma and other companies.

The constant currency growth rate and adjusted operating margin for subscription and support revenue will total 50 by fiscal 2030, Washington said.

“We’re moving into rarefied air,” said Marc Benioff, co-founder and CEO of Salesforce.

Washington said the Informatica deal will expand further within a year after it closes. In May, Salesforce said it was seeing growth in terms of adjusted earnings per share. second year.

WRISTWATCH: CEO Marc Benioff says people don’t realize Agentforce is part of Salesforce