On October 15, Salesforce.com rose 3.06% in Regular Trading, trading near $245.2501 per share, with turnover of $453 million.
The move was accompanied by continued follow-through from two recent catalysts: BofA upgraded the stock to Buy and lifted its price target to $285, while Salesforce.com also announced the acquisition of AI analytics platform Loops to strengthen its agentic analytics strategy.
Recent market reports said BofA argued AI is unlikely to displace enterprise software platforms and may instead deepen large customers reliance on Salesforce.com, leading it to raise its fiscal 2028 and 2029 subscription revenue growth forecasts to 10.4% and 10.5%. Separately, the Loops deal was estimated by the market at about $30 million. While the transaction is not expected to materially change the near-term revenue curve, it reinforces the companys AI commercialization narrative and supports ongoing valuation repair across software stocks.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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