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Salesforce's AI products grow rapidly, but stock trades near 52-week low, signaling potential undervaluation.

Market News
23 Oct 2026
24/7 Wall Street
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Bullish
Salesforce's AI products grow rapidly, but stock trades near 52-week low, signaling potential undervaluation.

Salesforce is seeing triple-digit growth in its AI products like Agentforce and Data 360, yet its stock price remains near a 52-week low, suggesting the market undervalues its AI momentum. The company reported strong Q2 fiscal 2027 revenue of $11.345 billion, beating estimates, and raised its full-year revenue guidance. Despite concerns over acquisition costs and flat operating income, Salesforce's aggressive buyback program reduces share count, boosting earnings per share. Analysts remain optimistic with a 24/7 Wall St. price target of $346.52, implying a 42.6% upside, driven by AI growth and potential premium upgrades.

Salesforce (CRM) trades at USD 247.41 on Pluang as of Oct 23, 2026 19:11 WIB, down 1.15% for the day and near its 52-week high of USD 266.23. Despite the recent dip, the stock maintains a strong market cap of $198.98 billion and an enterprise value of $229.32 billion. The platform shows a majority buy interest at 62%, reflecting ongoing investor attention amid the company’s AI growth narrative.

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