Mizuho raises Salesforce stock price target on strong growth outlook
Mizuho raised its price target for Salesforce, citing strong growth prospects.
Following the recent -11.49% sharp decline, short-term volatility is expected between the support level at $175.90 and the resistance level at $213.17. Therefore, entry will be considered by accumulating near the support level while monitoring for a breakout above the resistance level.
After rebounding near the support level of $175.90 and confirming accumulation, I will take profits as it rises toward the future resistance level of $213.17, and if the support level of $175.90 breaks down, I will cut losses.
The RSI (14) stands at 60.2, indicating a neutral momentum rather than overbought or oversold zones. The moving averages are not in a bullish alignment, trading volume is somewhat low at 0.81 times the 20-day average, and the 7-day volatility recorded +4.8%.
Reviewing past similar cases for this stock, it showed price reactions of -1.9% on September 3, 2026, +3.3% on August 28, 2026, and +4.9% on August 27, 2026 across all three occasions.
A predicted return of 2.5% reflected expectations for a stable rebound, but the actual result was a 15.7% gain, resulting in an OVERHIT judgment. Following an 11.49% plunge, entry was based on an assumption of short-term volatility between the support level of $175.90 and the resistance level of $213.17. However, news of Mizuho’s upward target-price adjustment, along with increased AI-related momentum and thematic news around the Dreamforce event (rising trend), had a much stronger impact on the market than expected, significantly driving up the stock price. However, technical indicators at the entry point, including an RSI of 60.2 and a non-bullish moving-average alignment, did not signal a complete bullish reversal, so the predicted return was conservatively set low and failed to fully capture the market’s strong upward momentum.
Through this trade, we confirmed that when strong positive news catalysts overlap with an increasing trend in thematic news volume, it is necessary to allow for a wider profit margin than conservative estimates. In future trades, rather than simply responding to short-term volatility between support and resistance lines, we will implement a strategy of more flexibly raising profit-taking targets when the momentum conversion rate of the theme as a whole and the inflow rate of related news occur simultaneously.