On September 30, Salesforce.com rose 3.01% in regular trading, trading at approximately $232.17/share, with turnover of $3.48 billion. The gain was driven by the company's announcement that it has signed a definitive agreement to acquire AI-powered customer research platform Listen Labs.
The acquisition is expected to close in the company's fiscal Q4 2027 and will complement Salesforce.com's Marketing Cloud and Service Cloud segments while expanding its broader AI product portfolio. The move further reinforces market confidence in the company's AI strategic roadmap, coming on the heels of its Dreamforce conference where it unveiled partnerships with NVIDIA, AWS, and Google Cloud, launched the KOA CRM reasoning model, and set a fiscal 2030 revenue target exceeding $63 billion.
Notably, UBS had previously flagged that Salesforce.com's AIforce product carries a price point too high for near-term material traction, and an Oppenheimer survey showed little evidence of a demand inflection. Despite these headwinds, the acquisition signals continued commitment to building out AI capabilities through inorganic growth, helping offset pricing concerns and supporting the stock's rebound from a 3.83% decline earlier in the week.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)