Salesforce (CRM) Stock; Gains as JPMorgan Sees $250 Target and AI Growth Rebound

TLDRs;

• JPMorgan initiated Salesforce with an Overweight rating and a $250 price target, lifting investor sentiment.
• Salesforce shares outperformed the broader market as software stocks rallied across the technology sector.
• Agentforce and Data 360 posted triple-digit annual recurring revenue growth, supporting the AI rebound narrative.
• Investors are now focused on Salesforce’s August 26 earnings report for evidence of stronger organic growth.

Salesforce shares moved higher on Thursday after JPMorgan launched coverage of the software giant with an Overweight rating and a $250 price target, a call that renewed optimism around the company’s artificial intelligence strategy and its prospects for a broader growth recovery.

The stock gained nearly 2% during regular trading, outperforming both the S&P 500 and much of the enterprise software sector. The move came as investors rotated back into technology shares, with software companies benefiting from improving sentiment around AI-driven spending and the possibility of a stronger demand cycle heading into 2027.

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