Salesforce Cratered 33% in 2026; One Analyst Sees Nearly 200% Upside
Salesforce (CRM) has fallen 34% year-to-date in 2026 despite five consecutive earnings beats, trading at $173.79. The decline is attributed to a sector-wide derating as enterprises shift software budgets toward AI infrastructure, impacting CRM alongside ServiceNow and Oracle. However, Wedbush analyst Dan Ives maintains a $475 price target, implying 173% upside, driven by the rapid growth of Agentforce, Salesforce's autonomous AI agent platform, which reached $1.2 billion in ARR (up 205% YoY). The company reported Q1 FY27 EPS of $3.88 (beating $3.13 consensus) and revenue of $11.13 billion (up 13.3% YoY). Management raised FY27 revenue guidance to $45.9-$46.2 billion. The article notes CRM trades at 13x forward earnings with 77% gross margins, and includes a promotional segment for a separate AI stock list.
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