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Salesforce (CRM) stock is down about 26% year-to-date, lagging the broader market and many of its tech peers that have benefited from the ongoing artificial intelligence (AI) boom. However, there might be a glimmer of hope on the horizon. During its 2025 Dreamforce conference, Salesforce announced a new long-term revenue target that reignited some market optimism, pushing the stock up about 4.5% in the morning session.
The company’s management struck an upbeat tone, emphasizing the growth potential of its Data Cloud and AI-driven products. Management sees a significant opportunity to boost annual recurring revenue (ARR) as these technologies gain traction. But can this optimism lead to a turnaround in CRM stock?