Salesforce Stock Rises on $1.6 Billion U.S. Veterans Affairs AI Contract
Salesforce (CRM) shares surged on July 24, 2026, after the company announced a $1.6 billion contract with the U.S. Department of Veterans Affairs (VA). Under the Agentic Enterprise License Agreement (AELA), the VA will deploy Salesforce's AI agents, data platforms, and collaboration tools—including Agentforce, Slack, MuleSoft, Data 360, and Tableau—to modernize healthcare delivery for veterans. The deal aims to automate benefits verification, streamline patient triage, and reduce appointment scheduling from 28 days to minutes. This contract follows other major federal deals, including a $5.6 billion U.S. Army agreement and a $72 million Air Force contract. Despite the positive news, Salesforce stock remains down approximately 38% year-to-date. Wall Street analysts maintain a 'Moderate Buy' rating with a mean price target of $249, implying over 60% upside from current levels.
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