Baird analyst Rob Oliver reiterated an Outperform rating and $315.00 price target on salesforce.com (NYSE: CRM).

The analyst commented: "We attended Dreamforce this week as well as an investor reception hosted by Salesforce. Recently unveiled Agentforce was the dominant theme. We view success with Agentforce and Data Cloud as critically important for CRM, so we were encouraged by customer interest and engagement. Given Agentforce doesn't become GA until mid-October, we don't expect material financial impact until FY26/FY27. Increased focus on getting data aligned could prove to be a tailwind for Data Cloud, though we are hesitant to have expectations get ahead of adoption. We like shares at current level."

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Shares of salesforce.com closed at $265.99 yesterday.