Salesforce shares soared 21 % on Thursday after the company posted quarterly results that beat expectations and showed continued traction for its new AI products. The enterprise software giant also announced an expanded partnership with Anthropic, the creator of Claude, soothing investor concerns about AI disruption. Jim Cramer, who had set an initial price target of $250, now believes the stock could reach $300, representing more than 20 % additional upside from current levels. The stock had lost more than 40 % year-to-date, bottoming at around $150 on June 22. CEO Marc Benioff highlighted the success of the Agentforce AI platform and strong momentum from Slack, pushing back against the « SaaSpocalypse » narrative that had weighed on the shares.
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