Salesforce Outlook Splits Wall Street: Piper Cuts Target as Others Back AI Agents and Buyback

Overview

• piper sandler lowered its price target to $215, citing tougher competition from advanced AI model makers moving into business software and pressure on long-term valuation assumptions.
• truist kept a Buy rating and a $280 target after the TDX developer event, saying Salesforce’s products looked resilient to do-it-yourself tools and pointing to Slack’s potential to host AI agents inside Slackbot.
• jim cramer told viewers he would not sell the stock at current prices and highlighted Salesforce’s $50 billion repurchase plan, including a $25 billion accelerated buyback that management has already set in motion.
• salesforce announced that Engine, a travel technology firm, will use Agentforce 360 and integrate Slack to run a single workspace where staff and AI agents can coordinate bookings, service, and other tasks in real time.
• investors remain divided after a sharp share slide this year, with Oakmark noting strong results and better margins, and management signaling that subscription growth should pick up in the second half of 2026 as Agentforce scales.