Salesforce Stock Surges 5% as Company Projects $60B Revenue by 2030, Betting Big on AI Automation
Summary
Salesforce stock jumps 5% as the cloud giant projects revenue will exceed $60 billion by 2030, betting its new Agentforce AI automation platform will accelerate growth above 10% annually and outpace analyst expectations of $58.37 billion.
Key Points
- Salesforce stock rises 5% in extended trading after the company projects revenue exceeding $60 billion by 2030, surpassing analyst consensus of $58.37 billion
- The company forecasts organic revenue growth above 10% annually from 2026-2030, marking a reacceleration from current sub-10% growth rates since mid-2024
- Salesforce banks on its Agentforce AI automation software to drive future growth, announcing new voice capabilities and expanded partnerships with Anthropic and OpenAI