Salesforce guides over $63 billion revenue for fiscal 2030

  • Salesforce projects fiscal 2030 revenue above $63 billion through software and AI offerings.
  • Stifel raised Salesforce's price target to $300 from $275 and retained its Buy rating.
  • Salesforce outlined six AI revenue channels and cited record pipeline levels at Dreamforce.

Salesforce expects annual revenue to exceed $63 billion in fiscal 2030, above the $60.66 billion average estimate from analysts polled by FactSet. The company is pursuing that target through core cloud software and six AI-related revenue channels, including expanded licensing, premium products, Agentforce, Data 360, Agent Fabric, Guardian, APIs, MCPs, contextual services and infrastructure. The outlook includes revenue from Informatica, acquired last November. At Dreamforce, CEO Marc Benioff said Salesforce's relevance had never been higher and highlighted record pipeline levels, strong partner feedback and the ability to rapidly build applications and workflows on the company's data ecosystem. Stifel raised its Salesforce price target to $300 from $275 while retaining a Buy rating, and several other firms maintained positive recommendations, with TD Cowen and Cantor Fitzgerald also carrying $300 targets. Salesforce shares traded at $250.54, down 2% in the session, while the company reported a 77% gross profit margin and 11% trailing-12-month revenue growth. Earlier estimates for fiscal 2030 included $61.4 billion from Bloomberg and $59.2 billion from LSEG. Dreamforce also featured Salesforce's Anthropic partnership, the Claudeforce beta product and Koa, an AI reasoning model built on Nvidia technology. The company is using its AI strategy to address concerns that advanced tools could reduce demand for conventional enterprise software.

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