Salesforce Shares Rise 3.2% on Analyst Optimism

Wall Street analysts remain bullish on the cloud software giant despite recent stock price volatility.

Mar. 30, 2026 at 9:56pm by Ben Kaplan

Got story updates? Submit your updates here. ›

Shares of Salesforce (NYSE:CRM) rose 3.2% on Monday, trading as high as $186.39 before closing at $185.02. The stock's gain came despite a 10% decline in trading volume compared to the company's average daily volume. Wall Street analysts have maintained a generally positive outlook on Salesforce, with a number of firms reiterating buy ratings and price targets on the stock.

Why it matters

Salesforce is a bellwether for the cloud software industry, and its stock performance is closely watched by investors. The company's ability to maintain strong growth and profitability in the face of macroeconomic uncertainty will be an important indicator of the overall health of the enterprise technology sector.

The details

Several Wall Street analysts have recently weighed in on Salesforce. Citigroup boosted its price target on the stock to $200, while TD Cowen decreased its target to $250. Morgan Stanley reduced its price objective to $287, citing broader market conditions. Overall, the consensus rating on Salesforce remains a "Moderate Buy" with an average price target of $280.21.

  • Salesforce stock closed at $179.31 on the previous trading day.
  • The stock traded as high as $186.39 on Monday before closing at $185.02.

The players

Salesforce

A global provider of cloud-based customer relationship management (CRM) and enterprise software solutions, headquartered in San Francisco.

Citigroup

A multinational investment bank and financial services corporation that covers Salesforce stock.

TD Cowen

An investment bank that provides research coverage and analysis on Salesforce.

Morgan Stanley

A global financial services firm that has issued research on Salesforce.

Got photos? Submit your photos here. ›

What’s next

Investors will be closely watching Salesforce's upcoming earnings report and guidance for signs of how the company is navigating the current economic environment.

The takeaway

Despite recent stock price volatility, Wall Street analysts remain broadly optimistic about Salesforce's long-term growth prospects as a leader in the cloud software industry. The company's ability to maintain strong financial performance will be a key indicator for the overall health of the enterprise technology sector.