Why Salesforce (CRM) Stock Is Jumping Today?

Oct 16 - Salesforce CRM shares climbed about 7% on Thursday morning trading after the company set a new long-term revenue goal of more than $60 billion.

The target, unveiled at Investor Day during Dreamforce, sits above many analyst forecasts and does not include potential contributions from the planned Informatica acquisition, which Salesforce expects to close around mid-2026.

Salesforce said its Data and AI offerings are gaining traction. The unit brought in roughly $1.2 billion in the second quarter, up about 120% from a year earlier, the company said.

Management projects organic annual growth above 10% from fiscal 2026 through 2030, signaling a return to double-digit expansion if execution holds.

Executives pointed to heavy R&D investments since fiscal 2024 as the engine behind recent product gains and customer adoption. Investors will watch whether the Data and AI ramp and the Informatica deal translate into stronger margins and cash flow.

So far this year, Salesforce CRM stock has fallen about 29%, while the Nasdaq has gained roughly 17%. Market watchers said the long-term target could help restore confidence if growth and profitability follow.