With a market cap of $175.8 billion, Salesforce, Inc. (CRM) is an AI-powered CRM platform that helps businesses manage customer relationships and drive customer success through collaboration between people and AI agents. Its Agentforce suite combines customizable autonomous AI agents, unified data and Customer 360 applications on an integrated platform to help companies deliver connected customer experiences.
Shares of the San Francisco, California-based company have lagged behind the broader market over the past 52 weeks. CRM stock has dipped 10.7% over this time frame, while the broader S&P 500 Index ($SPX) has gained 9.8%. Moreover, shares of the company have decreased 19.4% on a YTD basis, compared to SPX's 7.8% rise.
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Looking closer, the technology giant stock has also underperformed the State Street Technology Select Sector SPDR ETF's (XLK) return of 13.9% over the past 52 weeks.
www.barchart.com Salesforce shares jumped 22.6% following its Q2 2027 results on Aug. 26. The company raised fiscal 2027 revenue guidance to $46.1 billion - $46.4 billion, signaling stronger-than-expected AI-driven demand from Agentforce, Data 360 and Slack. Adjusted EPS more than doubled to $5.90, helped by a $2.53 per share gain from strategic investments, strong operations and share buybacks, and quarterly revenue grew 11% to $11.35 billion.
Investor confidence was further boosted by Salesforce’s expanded partnership with Anthropic, including the new “Claudeforce” AI integration, and a sharp increase in fiscal 2027 adjusted EPS guidance to $16.67 - $16.71.
For the fiscal year ending in January 2027, analysts expect CRM's EPS to grow 32.2% year-over-year to $12.82. The company's earnings surprise history is promising. It beat the consensus estimates in each of the last four quarters.
Among the 52 analysts covering the stock, the consensus rating is a “Moderate Buy.” That’s based on 37 “Strong Buys,” two “Moderate Buy” ratings, 12 “Holds,” and two “Strong Sells.”
www.barchart.com This configuration is more bullish than three months ago, with 32 “Strong Buy” ratings on the stock.
On April 17, J.P. Morgan analyst Mark Murphy maintained a Buy rating on Salesforce (CRM) with a price target of $320.
The mean price target of $286.88 represents a 34.3% premium to CRM’s current price levels. The Street-high price target of $475 suggests a 122.3% potential upside.
On the date of publication, Sohini Mondal did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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