JPMorgan turned bullish on CRM after a 20% monthly surge; our $276 price target implies 37% upside from current levels. Salesforce trades at a steep discount to MSFT and NOW despite Agentforce ARR surging 205% year-over-year to $1.2 billion. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Salesforce didn't make the cut.
Grab the names FREE today. Salesforce (NYSE:CRM) has caught a bid after spending most of 2026 in the penalty box, ripping 7.82% in the past week and 20.18% in the past month. JPMorgan turned constructive on the name as Agentforce monetization comes into focus.
Our 24/7 Wall St. price target for Salesforce is $275.88, implying roughly 37% upside from the current $201.37. Our model output flags the setup as constructive with high confidence. Even after the recent run, Salesforce is still down 23.59% year to date and sits about 10% below its 52-week high of $267.75.
In Q1 FY27, Salesforce reported EPS of $3.88 vs. a $3.13 consensus, a 24.08% beat and the fifth consecutive EPS beat. Revenue of $11.13 billion grew 13.3% year-over-year, with management raising full-year FY27 revenue guidance to $45.9 billion to $46.2 billion. Agentforce ARR crossed $1.2 billion, up 205% YoY, and combined Agentforce + Data 360 ARR reached $3.4 billion.
That is the number JPMorgan and other sell-siders are anchoring on. The bull case rests on AI monetization showing up in ARR. Agentforce processed 28.6 trillion tokens, up 152% quarter-over-quarter, and delivered 3.8 billion Agentic Work Units.
CEO Marc Benioff called Q1 "an outstanding quarter" and reiterated the FY30 revenue target of $63 billion. On our bull scenario, Salesforce reaches $289.60 over 12 months, a 43.81% total return. Capital returns amplify the case: the $25 billion accelerated share repurchase already retired 103 million shares, and a fresh $50 billion buyback authorization sits behind it.
Extract — continue reading at the source.
