CMB Stock News Of The Day 📰🗞️🗞️📈📉

“Salesforce Targets Over $60 Billion in Revenue by 2030 as Double-Digit Growth Makes a Comeback” 🚨🚨🚨

Salesforce (CRM $250.39 ▲5.84%) surged nearly 6% in early Thursday trading after unveiling an ambitious long-term growth plan. The cloud software giant told investors it expects to surpass $60 billion in annual revenue by fiscal 2030, signaling a return to double-digit sales growth within the next 12 to 18 months.

The new forecast topped Wall Street’s $58.37 billion projection, according to CNBC, and excludes the pending $8 billion acquisition of Informatica, set to close by mid-2026. This bullish outlook marks a major shift just weeks after Salesforce issued weaker Q3 revenue guidance, extending its slowdown to single-digit growth — a reflection of challenges in converting AI excitement into tangible results.

CFO and COO Robin Washington admitted the company has faced “some lower-stage growth for a while,” but emphasized that Salesforce is now “reaccelerating.” Central to that rebound is Agentforce, the company’s flagship AI assistant that CEO Marc Benioff describes as “the core of every product we make now.”

While AI currently contributes only about 3% of Salesforce’s projected FY 2026 revenue, Benioff dismissed fears that AI could make traditional enterprise software obsolete, calling the notion “nonsense.”

This week, Salesforce expanded its AI ecosystem with Agentforce Voice, which enables AI agents to handle customer calls, and announced deeper integrations with Anthropic and OpenAI to bring the latest generative AI models into its platform.

Despite the optimism, Salesforce shares remain down 26% year to date and 32% below their December 2024 peak — leaving investors watching closely to see if the company’s AI-driven comeback can truly take hold.