Salesforce Stock Forecast: Split Views From Trending Analysts

Salesforce (CRM) stock has fallen 2.2% over the past week, 2.8% over the past month, and 33.5% over the past year, leaving many investors wondering what comes next. Wall Street’s analysts are moderately bullish overall, forecasting a move toward an average 12‑month price target of $244.44, well above the last closing price of $176.17.

Behind that optimistic consensus, however, analyst opinions are sharply divided. Tal Liani of BofA, a 4‑star analyst ranked 754 out of 12,224 with a 58.22% success rate and 10.4% average return per rating, reiterated a Sell on 5/28/2026 with a $160 price target, implying downside from current levels. In contrast, analyst Billy Fitzsimmons maintained a Buy rating the same day with a $215 target, pointing to potential upside.

Liani argues that Salesforce’s latest quarter was “largely uninspiring,” with current remaining performance obligations and revenue both growing 12–13% in constant currency, in line with expectations but still decelerating. He notes organic revenue, excluding Informatica, rose only 7.1% year over year and guidance for the next quarter suggests just 6–6.5% growth, raising concerns that AI gains may not offset slowing in mature segments.

He also warns that while operating margins beat expectations at 34.8%, this strength may fade as infrastructure and broader spending ramp up. In his view, competitive risks are rising as multiple AI providers target workflow control and major AI labs like OpenAI and Anthropic could move further into enterprise applications, challenging Salesforce’s position despite strong Agentforce growth.

Fitzsimmons, by contrast, highlights a stronger narrative built around AI and data platforms. He notes Salesforce beat revenue expectations with 12% constant‑currency growth, delivered a 24% EPS beat, and repurchased $27.2 billion of stock, while management slightly raised full‑year revenue guidance and reiterated a second‑half acceleration driven by improving consumption trends and new account activity.

He points to Agentforce annual recurring revenue jumping 205% year over year to $1.2 billion and combined Agentforce plus Data 360 ARR surpassing $3.4 billion, alongside heavy AI usage metrics such as 28.6 trillion tokens processed. With Slack usage intensifying and serving as a key interface for human‑AI interaction, Fitzsimmons sees Salesforce as a cloud platform leader with first‑mover advantage in bringing AI agents to the enterprise.

On balance, investors face a classic growth‑versus‑competition debate: one camp sees muted core growth and mounting AI headwinds, while the other sees early proof that AI monetization, Agentforce momentum, and data assets can re‑ignite the story. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.