Salesforce Analyst Sees Stock Surge 117% Amid AI Push

Salesforce shares have taken a significant hit in 2026, plummeting more than 30% year-to-date. However, one Wall Street analyst remains optimistic about the company's future prospects. Scott Berg of Needham & Co. maintains a $400 price target on Salesforce, implying roughly 117% upside from its current level near $184.

Berg's bullish call is based on the company's aggressive push into agentic AI, led by Agentforce, its AI-powered automation platform. According to the firm, Agentforce's annual recurring revenue (ARR) has surged 205% year-over-year to $1.2 billion, a key metric that Berg believes the market is undervaluing.

Despite concerns about Salesforce's balance sheet and integration risks related to its Informatica acquisition, the company's latest quarterly results were strong. In Q1 FY27, Salesforce reported earnings per share of $3.88, beating estimates by 24.08%, and revenue grew 13.3% year-over-year to $11.13 billion.

The broader enterprise software sector has been under pressure in 2026, with several peers facing similar sell-offs. Oracle trades at $129.87 against a consensus target of $248.15, implying roughly 91% upside, while ServiceNow and HubSpot have also declined significantly.