01:01 PM EDT, 10/16/2025 (MT Newswires) -- Salesforce's ( CRM ) long-term sales outlook was a net positive, though "more visibility" is needed into the projected growth acceleration amid certain headwinds, UBS Securities said Thursday.

Late Wednesday, the customer relationship management platform outlined a long-term revenue target of more than $60 billion by fiscal 2030, implying a compounded organic annual growth rate of more than 10%. The outlook excludes Informatica ( INFA ) , which Salesforce ( CRM ) agreed to acquire earlier this year. Salesforce ( CRM ) said it plans to have the sum of subscription and support constant currency growth rate and non-GAAP operating margin total 50 by the end of fiscal 2030.

UBS said that the revenue outlook provided at the company's investor day was a net positive, as it implied an acceleration from a base rate of 8% and exceeded the brokerage's $56.6 billion estimate. "Our view is tempered by the reality that it'll take 12 (to) 18 months for growth to exceed 10% and even the margin ramp is skewed to the out years," analyst Karl Keirstead said in a note to clients.

UBS maintained its neutral rating and a $260 price target on the Salesforce ( CRM ) stock, "pending more visibility into the growth acceleration."

The company's shares were up 4.2% in Thursday afternoon trade. The stock has lost 26% in value so far this year.

"If Salesforce ( CRM ) is indeed seeing bookings ramp near-term, Agentforce (annual recurring revenue) is up (more than three times) in the last three months, and the outlook is solid enough to guide to an acceleration in both (revenue) growth and margins, then it's hard to be incrementally negative on the stock post this investor day," Keirstead said.

Agentforce is Salesforce's ( CRM ) artificial intelligence-powered agent platform designed to automate tasks.

The ramp back to a growth rate of more than 10% likely doesn't occur for 12 to 18 months as the company's core renewal activity continues to be a headwind, according to UBS. "Salesforce ( CRM ) has limited visibility (more than two) years out and (the company) is banking on AI adoption and a resulting pull-through of demand for core products at a time when enterprise AI adoption checks remain muted," Keirstead said.

The company expects to repurchase $7 billion worth of additional shares over the next six months, Chief Operating and Financial Officer Robin Washington said on a conference call, according to a FactSet transcript.

Price: 248.33, Change: +11.75, Percent Change: +4.97