Salesforce Stock Falls 38%, But Analysts See Bright Future

Salesforce has been hit hard by market downturns in 2026, seeing its stock price fall 38.15% year to date and 37.63% over the last year. Despite this, the company's operating story remains strong, with Q1 FY27 earnings per share beating expectations by 24.08% at $3.88 versus a $3.13 estimate.

The revenue for Q1 FY27 was $11.13 billion, up 13.3% year over year, while Agentforce ARR reached $1.2 billion, a 205% YoY increase.

Management raised FY27 guidance to $45.90 to $46.20 billion in revenue and reiterated the FY30 revenue target of $63 billion, with Salesforce processing 28.6 trillion tokens in the quarter, up 152% Q/Q, and cRPO of $33.6 billion growing 14%, indicating durable forward revenue.

The bull case scenario points to a price target of $286.49, an 81.93% return, with analysts maintaining a mean target at $241.72, and 40 Buy or Strong Buy ratings versus only 2 Strong Sells.