Salesforce Stock Valuation Resets Amid 40% Drop

Salesforce stock has fallen nearly 40% from its 52-week high of $274, now trading near $171. Analysts believe this drop in valuation may be an opportunity for a recovery.

The company's latest results show revenue growth, stronger adjusted earnings, and faster cash generation. Management's outlook for fiscal 2027 calls for revenue of $45.9 billion to $46.2 billion, up 11% year over year.

Salesforce's AI business is driving growth, with Agentforce and Data 360 products reaching nearly $3.4 billion in annual recurring revenue in the first quarter, up more than 200% year over year.