Prediction: Salesforce Stock Will Reclaim $250 by 2028. Here's the Math.

This article from The Motley Fool predicts that Salesforce (CRM) stock will reach $250 per share by the end of 2028, up from its current price near $171. The analysis is based on the company's earnings guidance and a modest recovery in its valuation multiple. For fiscal 2027, Salesforce guided for revenue of $45.9-$46.2 billion (up 11% YoY) and adjusted EPS of $14.06-$14.12. The author assumes 10% annualized EPS growth over the following two years, yielding about $17 in EPS by fiscal 2029. At the current forward P/E of 12, this implies a stock price of ~$204. To reach $250, the multiple would need to recover to about 15, which the author argues is not a heroic assumption given the stock's history. Key growth drivers include AI products (Agentforce and Data 360) which reached nearly $3.4 billion in annual recurring revenue (up 200% YoY), and a $25 billion accelerated share repurchase program that retired about 11% of shares outstanding.