Salesforce Shares Surge 23%. This Is Why the Stock Looks Like It Has a Lot More Upside Ahead.

Salesforce shares jumped 22.6% on Aug. 27 after the company posted solid fiscal Q2 results and raised the tone of its outlook, with momentum tied to its agentic AI platform Agentforce, Data 360, and Slack. The rally comes as Salesforce works to counter the idea that AI will replace the software layer, while also trading at what the article frames as a relatively cheap valuation. Agentforce ARR more than doubled—up 240% to $1.5 billion—while Slackbot reached 1 million active users after five months, with 150% sequential growth. Revenue rose 11% to $11.35 billion, at the high end of guidance.