Salesforce Shares Rise 3.49% as Agentforce ARR Tops $1.5 Billion

Salesforce shares rose 3.49% Tuesday, Oct. 13, outperforming the Software & IT Services sector as investors reassessed whether artificial intelligence agents will replace enterprise software platforms or operate within them. The sector gained 0.65%. The move followed Bank of America analyst Tal Liani’s decision to raise Salesforce to Buy from Underperform on Oct. 12 and lift his price target to $285 from $160. The rating change was covered in earlier coverage of Salesforce’s upgrade . Salesforce’s Agentforce annual recurring revenue exceeded $1.5 billion in its second-quarter fiscal 2027 results, rising more than 240% from a year earlier.

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