shares of salesforce inc crm rallied 16 in afternoon trading thursday to bounce off the previous sessions 2 12year closing low as investors cheered what the customer relationship management software company didnt say at its investor day as much as what it did say the stocks rally comes amid weakness in the broader stock market with the dow jones industrial average djia falling 82 points or 03 and the sp 500 spx shedding 07 at wednesdays investor day salesforce reiterated the fiscal 2023 revenue outlook of about 31 billion after the company cut the outlook in may to 317 billion to 318 billion from 320 billion to 321 billion in march and lowered it again in august to 309 billion to 310 billion jp morgan analyst mark murphy reiterated his overweight rating on salesforce and his 245 stock price target citing the affirmed 2023 guidance and the fact that the company affirmed the 2026 sales glidepath of 50 billion salesforces stock which closed wednesday at the lowest price since april 2020 has plunged 410 year to date while the dow has lost 172