Salesforce jumps 4% after giving new revenue target of $60 billion by 2030

[salesforce]
Frank Brennan

Salesforce (NYSE:CRM [https://seekingalpha.com/symbol/CRM]) stock price climbed ~3.6% on Wednesday during after-market hours of trading after the company gave new targets for the next few years during its Investor Day at Dreamforce.

The company said that its new long-term revenue target is $60 billion+ by fiscal year 2030, above analysts estimates [https://seekingalpha.com/symbol/CRM/earnings/estimates]. The guidance excludes impact from the pending acquisition of data management company Informatica, which is expected to close in mid-2026.

The company has already seen strong momentum with its Data and AI offering, which reached $1.2 billion in Q2, growing 120% Y/Y.

Salesforce (NYSE:CRM [https://seekingalpha.com/symbol/CRM]) expects to achieve an organic annual growth rate exceeding 10% between fiscal 2026 and 2030, marking a return to double-digit expansion.

“Our platform was built for this moment — the result of over $10 billion in focused, organic R&D spend since the start of FY24. Seeing this innovation translate into real customer success directly fuels our confidence in delivering sustained double-digit growth and achieving our long-term profitability targets.” said [https://seekingalpha.com/pr/20268051-salesforce-announces-new-fy30-revenue-target-of-60b-10-percent-organic-fy26-fy30-cagr] Robin Washington, Chief Financial and Operating Officer, Salesforce.

So far this year, Salesforce’s (CRM [https://seekingalpha.com/symbol/CRM]) stock has fallen 29%, while the Nasdaq has gained 17%.

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