Salesforce rises after winning $5.6 bln U.S. Army contract

Salesforce CRM.N shares rise 2% to $233.97 premarket after announcing that the U.S. Army has awarded it a $5.6 billion contract

Co says the 10-year Indefinite Delivery Indefinite Quantity (IDIQ) contract will be executed by Computable Insights, its wholly-owned subsidiary dedicated to national security operations

Of 54 brokerages tracking the stock, 41 rate it "buy" or higher, 12 "hold" and one "sell" or lower; median price target is $325 - data compiled by LSEG

As of Monday's close, stock had fallen about 13.4% YTD after declining over 20% in 2025