Key Takeaways for Salesforce Stock as of July 2026
- $320 is where TIKR’s mid case model puts Salesforce stock by January 2031, a 96% total return from today’s $163 close and a 16% annualized rate over four and a half years.
- Of the 54 analysts covering Salesforce stock, 34 rate it a buy, 12 hold, and just 2 call it an underperform, leaving the mean target at $242, 48% above the current price.
- Agentforce annual recurring revenue (ARR) crossed $1 billion in the fiscal first quarter of 2027, and current remaining performance obligations (cRPO) grew 13% in constant currency, while management guided a second half revenue reacceleration that the Street’s own quarterly estimates don’t yet show.
- Down 41% from its 52 week high of $274, Salesforce stock trades closer to where AI disruption fear peaked than to where its growth actually slowed.
Salesforce Stock Ignores Headless 360 and the $1 Billion Agentforce Milestone
Salesforce (CRM) closed its fiscal first quarter of 2027 with Agentforce ARR above $1 billion, and the company still trades 41% below its 52 week high. That gap between fundamentals and price sits at the center of why Salesforce stock looks mispriced right now.
Revenue hit $11.13 billion in the quarter, up 13.3% year over year, and cRPO, the backlog of contracted work not yet recognized, reached $33.6 billion, up 13% in constant currency. Agentic work units, Salesforce’s measure of actual tasks agents complete rather than raw token spend, grew 111% quarter over quarter to 3.8 billion.
The quarter’s real pivot was Headless 360, a March 2026 launch that opened Salesforce’s data and workflows to outside AI agents through MCP (Model Context Protocol), the connector standard that lets tools like Claude and ChatGPT pull context directly from a company’s CRM. That move runs straight against the fear driving Salesforce stock lower all year: that AI labs and data platforms would disintermediate CRM software entirely. Chief Marketing Officer Patrick Stokes addressed that fear directly at the Mizuho Technology Conference in June: “The data side shows that it’s not correct at the moment. Our seats are still growing. Our core businesses are still growing… they’re hooking it up with MCP. This is how Headless comes into play. And that’s how they’re using Salesforce. So what we’re seeing is there’s actually an expansion of usage and expansion of consumption.”
Management raised full year revenue guidance to a $45.9 billion to $46.2 billion midpoint and pointed to net new annual on-demand value (AOV) outpacing overall AOV growth as the engine behind a stronger second half. That’s the development repricing Salesforce stock: usage is accelerating exactly where the market expected it to erode.
Agentforce ARR just crossed $1 billion and cRPO grew 13%. See the full breakdown on TIKR for free →
Salesforce Stock Hit a 44% Drawdown Despite a Bullish Street
Salesforce stock hit a max drawdown of 44% on June 22, 2026, and has only partially recovered, trading 39.69% below its high as of the most recent close. That decline tracks the broader SaaSpocalypse narrative hitting software names this year, even as Agentforce ARR crossed $1 billion and cRPO grew 13% over the same stretch.
The Street rates Salesforce stock a consensus buy, with 34 of 54 analysts at buy, 5 at outperform, 12 at hold, 1 at no opinion and 2 at underperform as of July 22, 2026. The mean target sits at $242, 48% above the current price, and the median target of $236 points to a similar gap.
That target to close ratio has held above 125% for a full year even as the stock kept sliding, which shows analysts haven’t capitulated on the name despite KeyBanc’s recent downgrade to sector weight.
TIKR Values Salesforce Stock at $320, Pricing In An Agentic Reacceleration
TIKR’s mid case model values Salesforce stock at $320 by January 2031, implying a 96% total return from the current price of $163, or 16% annualized over four and a half years.
A 16% annualized return over that stretch places Salesforce stock well above what a beaten down software name typically needs to compensate investors for the disruption risk currently priced into the shares. Agentforce ARR crossing $1 billion and cRPO growing 13% year over year point to demand accelerating exactly as management guided, not decelerating the way the stock price implies. Headless 360 adds a usage based revenue layer on top of the existing seat business, a second growth lever the market hasn’t priced into Salesforce stock yet.
TIKR models a 96% return for Salesforce stock by 2031. Run the numbers yourself on TIKR for free →
Should You Invest in Salesforce, Inc.?
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Pull up Salesforce, Inc. stock and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
