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Salesforce shares down 11% YTD but model sees 49% upside on strong AI growth and earnings upgrades.

Analyst Insights
29 Sep 2026
24/7 Wall Street
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Bullish
Salesforce shares down 11% YTD but model sees 49% upside on strong AI growth and earnings upgrades.

Salesforce shares have dropped over 11% this year despite Wall Street raising its fiscal 2027 earnings estimates significantly. The stock trades at about 16 times forward earnings, undervaluing its rapid AI product expansion and strong revenue growth. The company's recent fiscal Q2 beat and raised revenue guidance, along with a growing premium customer base and share buybacks, support a bullish price target of $348.23, implying nearly 49% upside. Risks include rising debt and flat operating income, but the overall outlook favors gains if Salesforce continues executing its AI strategy effectively.

Salesforce currently has a market cap of $187.04 billion and a dividend yield of 0.77% on Pluang as of Sep 30, 2026 00:11 WIB. The stock trades at USD 225.59 with a 1-day decline of 0.74%, while the platform shows strong investor interest with 96% of order activity on the buy side. This active buying aligns with the bullish outlook discussed in the article, despite the recent price drop this year.

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