Salesforce Leans Into AI as Wall Street Bets on Rebound

Salesforce ( (CRM) ) has been popular among investors this week. Here is a recap of the key news on this stock.

Salesforce used its latest Q4 earnings call to underline that AI is now at the center of its growth story, with revenue for FY26 rising 10% to $41.5 billion and Q4 sales up 12% to $11.2 billion. Remaining performance obligations climbed to $72 billion, while new AI platforms Agentforce and Data 360 surged to a combined $2.9 billion in ARR, growing more than 200% and driving record large‑enterprise deals.

Management lifted its FY2030 revenue target to $63 billion, guided FY27 to 10%–11% growth, and expanded a massive $50 billion buyback alongside a higher dividend, effectively returning 99% of FY26 free cash flow to shareholders. Margins are edging higher, though softness in legacy Marketing, Commerce and Tableau, plus reliance on AI upsell, keep some investors cautious, especially as Salesforce plans to change cloud‑level disclosures.

Beyond earnings, Salesforce deepened its partnership with Formula 1, launching an Agentforce‑powered Fan Companion Agent on F1.com to explain sweeping 2026 rule changes and support younger, digital‑first fans. The rollout, part of a deal extended through 2030, showcases real‑world AI adoption and helped lift CRM shares about 3% on the day of the announcement.

Despite broader “SaaSpocalypse” fears that AI agents will erode traditional seat‑based software, several analysts argue that Salesforce’s vast data, entrenched workflows and distribution turn AI into an opportunity rather than an existential threat. With CRM trading near one of its cheapest historical forward multiples, Wall Street maintains a Moderate Buy rating and sees roughly 35%–40% upside over the next year if AI‑led growth and aggressive buybacks translate into sustained earnings expansion.