Salesforce Is Betting on the Era of the Agentic Enterprise. Is the Stock a Buy Now?

Core Insights - Salesforce has reset long-term expectations, targeting at least $60 billion in revenue by fiscal 2030, excluding contributions from the Informatica acquisition [1][5] - The company emphasizes the concept of the "agentic enterprise," where AI agents manage tasks across various business functions [2] - Salesforce's platform extends beyond CRM software to include marketing automation, analytics, and data management, facilitating the deployment of AI agents [3] Revenue and Growth Targets - The company aims for a compound annual growth rate of 10% or higher from fiscal 2026 to fiscal 2030, with a target of "50 by FY30," combining subscription growth and operating margin [5] - Salesforce's data and AI annual recurring revenue (ARR) reached approximately $1.2 billion in Q2, growing 120% year over year, with $440 million in agentic AI ARR [6] Strategic Vision - CEO Marc Benioff highlighted the transformation towards the "Agentic Enterprise," positioning Agentforce as the fastest-growing organic product in the company's history [7] - The broad platform of Salesforce is expected to support continued double-digit organic revenue growth through fiscal 2030 [3][7]