New Delhi, Sept. 19 -- Salesforce Inc. gave a long-term outlook for sales that exceeded analysts' estimates, signaling to investors that the software company can boost revenue growth in the face of competition from artificial intelligence tools. Despite the strong outlook, the shares of Salesforce were under pressure in the previous session.

Salesforce has set a $63 billion revenue target for fiscal 2030, exceeding the average analyst estimate of $61.4 billion, as the software giant seeks to sustain growth amid rising competition from AI tools.

UBS has also raised its price target for Salesforce to $260 from $240, while retaining a Neutral rating. However, the brokerage lowered its fiscal 2028 revenue growth estimate, indicating that th...