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Salesforce AI Surge: New Deals Boost Stock
23 Dec
Summary
- Salesforce stock up 14% monthly despite year-to-date decline.
- USDOT and Novartis signed multi-year AI solution contracts.
- Third-quarter revenue grew 9% to $10.3 billion, guidance raised.
Salesforce is experiencing a notable stock price increase, driven by strategic advancements in its artificial intelligence capabilities. This surge is bolstered by new product integrations and significant enterprise agreements, including multi-year deals with the U.S. Department of Transportation and Novartis. These partnerships aim to leverage Salesforce's AI for tasks ranging from automating routine functions to analyzing real-time data.
Financially, the company reported a 9% year-over-year revenue increase to $10.3 billion for its third quarter of fiscal year 2026, along with a 22% rise in free cash flow. Management has also raised its full-year revenue forecast. A key product launch was the open beta of Agentforce Sales within ChatGPT on December 20, 2025, enabling CRM data management via the familiar interface.
Further innovation includes the "Unified Data Context Engine," launched on December 21, 2025, designed to solve context issues in corporate AI. The company is also progressing with its planned acquisition of AI marketing specialist "Qualified." Despite recent performance, analysts see potential undervaluation, with a fair value estimate exceeding the current stock price.
