On August 28, Salesforce.com rose 3.11% in regular trading, trading at $258.608/share with turnover of $1.624 billion, extending gains after a 22.58% surge in the prior session following blowout Q2 results.

The continued strength is driven by a wave of institutional price target upgrades following the company's fiscal Q2 earnings beat. Truist Securities raised its target to $300, TD Cowen to $280, and Loop Capital to $250. Salesforce reported Q2 revenue of $11.35 billion, up 11% year-over-year, with adjusted EPS of $5.90 versus consensus of $3.27. The company raised full-year revenue guidance to $46.1-$46.4 billion and EPS guidance to $16.67-$16.71, far exceeding prior consensus of $14.17. Additionally, the expanded Anthropic partnership launching Claudeforce and AI/data product ARR approaching $4 billion reinforced confidence in AI monetization. UBS noted the results eased concerns that AI tools may erode demand for traditional software, though Bank of America maintained a cautious stance citing the limited absolute scale of Agentforce ARR relative to the revenue base.

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