Software giant Salesforce (CRM) is scheduled to announce its results for the third quarter of Fiscal 2026 after the market closes on Wednesday, December 3. CRM stock has declined 30% so far this year because investors are concerned over slowing growth, mixed earnings momentum and weaker demand in the enterprise software market. Wall Street analysts anticipate that the company will report earnings of $2.86 per share, reflecting an 18.6% year-over-year increase.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Meanwhile, revenues are expected to rise by 9% from the same quarter last year, reaching $10.3 billion, according to data from the TipRanks Forecast page.
Investors are watching closely to see if its AI strategy and ongoing margin expansion can sustain momentum in a competitive enterprise software market.
Analysts’ Views on CRM Ahead of Q3 Results
Ahead of the Q3 print, Oppenheimer analyst Brian Schwartz trimmed his price target on Salesforce from $315 to $300 but kept a Buy rating. Schwartz said the lower target reflects weaker valuations across the software sector, not concerns specific to Salesforce.
He remains positive on the near-term outlook, pointing to expected pricing gains, solid momentum in Agentforce and Data Cloud, and survey data showing normal year-end spending from customers and IT teams. Schwartz also noted that expectations for the quarter are fairly modest, which could make it easier for Salesforce to deliver a beat.
Meanwhile, KeyBanc analyst Jackson Ader maintained his Overweight rating on the stock with a $400 price target. He said most industry feedback has been positive, though one partner mentioned tighter budgets this year. Ader noted growing interest in Agentforce, stronger demand from life sciences within healthcare, and continued solid performance from small and mid-size business customers.
What Do Options Traders Anticipate?
Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry; the Options tool does this for you.
Indeed, it currently says that options traders are expecting a 7.71% move in either direction.
Is CRM a Buy, Sell, or Hold?
Turning to Wall Street, CRM stock has a Moderate Buy consensus rating based on 30 Buys, nine Holds, and one Sell assigned in the last three months. At $324.08, the average Salesforce stock price target implies a 39.19% upside potential.
