MSJ-100 Index
1,036.65
Signal breadth
4 Bullish 93 Neutral 3 Bearish Avg confidence 6.16 / 10
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CRM
Salesforce Inc.
Information Technology · NYSE: CRM · MSJ-100
$167.56
▼ $3.66  (▼2.14%) today
After-hours: $168.16  ▲ 0.36%
Headquarters
San Francisco, CA
Employees
83,334
Founded
1999
CEO
Mr. Marc R. Benioff
Incorporated
Delaware
Fiscal Year End
January
Analyst price target range Free
Avg target $245.41
$168 now
Bear $160 Avg $245 Bull $475
Price history Free
Volume
13.51M
Avg volume
14.98M
Open
$162.49
Day high / low
$171.35 / $161.47
Market cap
$137.2B
About this company
Free
Salesforce, Inc. is a global leader in customer relationship management (CRM) technology, offering an AI-powered Agentforce 360 Platform. This platform unifies various services like sales, service, marketing, and analytics to help organizations manage customer data, enhance productivity with autonomous AI agents, and drive innovation.
The company primarily sells its solutions on a subscription basis to businesses worldwide.
Recent News
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Earnings call: Q1 FY2027 FY2027
Intel
Free
May 28, 2026Confident
● Full transcript on file
Marc Benioff (Chair and Chief Executive Officer), Amy Weaver (President and Chief Financial Officer), Brian Millham (President and Chief Operating Officer)
Key metrics
Q1 FY2027 revenue was approximately $11.13 billion, up about 13% year over year.[1] Management highlighted improved profitability with EPS ahead of prior expectations, and reiterated a focus on operating margin discipline while investing in AI and the broader platform; they also pointed to strong cRPO growth as an indicator of durable demand.[1]
Forward guidance
Management updated full-year FY2027 guidance to reflect revenue growth of approximately 4–5% year over year, citing a balanced portfolio and confidence in a second-half acceleration that supports the company’s long-term FY2030 framework.[1] For Q2, they guided revenue to a range of about $11.27–$11.35 billion, implying roughly 10% growth in constan
Notable Q&A
One notable Q&A exchange involved an analyst asking about the pace and sustainability of revenue acceleration in the second half of FY2027; management responded that the updated guidance already embeds a prudent view of macro conditions and that the pipeline, particularly around AI-related products
Surprise items
The company’s explicit linkage of current-year guidance to its long-term FY2030 framework, emphasizing a clear path to that multi-year plan, was a notable strategic emphasis that could influence long-term investor sentiment.[1] Additionally, the specific Q2 revenue and cRPO growth outlook, calling f
Q1 FY2026 (May 27, 2026) · Confident Q4 2026 (Feb 26, 2026) · Confident
Fundamentals
Signal
52-week high / low
$274.00 / $146.32
Forward P/E
10.8×
Trailing 19.4×
Dividend
$1.76 / share
Yield 1.03%
Analysts covering
52
Avg target $245.41
Beta
1.18
vs. S&P 500
Short interest
7.1%
Float shorted
Buy
77%
Hold
19%
Sell
4%
Wall Street consensus — sourced weekly via public disclosures
Analyst coverage data sourced from public filings. Xavier analyst thesis summary available after weekly Perplexity scan completes.
Financial summary — Gemini analysis
Signal
Revenue
$41,525 million
10% YoY
Operating margin
20.0%
Net income
$7,457 million
Free cash flow
$14,402 million
Dividend / share
$1.664
Total debt
$14,500 million
Cash: $7,327 million
Earnings quality: HIGH
Recurring revenue:95%
Cash conversion:2.0x
Non-recurring items: Restructuring charges of $586 million related to employee transitions, severance payments, employee benefits, and data center/office space reductions in fiscal 2026., Gains on strategic investments, net, of $1,017 million in fiscal 2026, primarily driven by $1.5 billion in unrealized gains on privately held equity investments (including $1.2 billion from one investment) partially offset by $496 million in impairments., Acquisition of Informatica, Inc. in November 2025 for approximately $9.6 billion, contributing $399 million of revenue in fiscal 2026., Acquisition of Regrello Corp. in October 2025 for $818 million.
Source: SEC 10-K filing analyzed by Gemini 2.5 Flash · 2026-03-02
Xavier sector view:
Information Technology
See journal
View Information Technology journal ↗
Xavier's signal
NEUTRAL
Signal
Confidence 6.7 / 10  ·  75% model agreement  ·  Scheduled Jun 07, 2026
CRM trades at ~$186, roughly 33% below its 52-week high of $276.80, but post-Q1 FY27 earnings multiple analyst firms cut price targets (Citi to $187, BMO to $215, RBC Hold) citing results insufficient to shift sentiment on either side. The forward P/E of ~12x looks compelling against ~50% EPS growth in Q1, but the TTM P/E of 21.5x and revenue growth of only 0.133% (reported in the data) alongside soft cRPO trends and a neutral macro backdrop create a tug-of-war between value and execution risk. The Contentful acquisition adds near-term integration overhang while the $50B buyback program provides a meaningful floor.
Strongest bull case
Non-GAAP EPS of $3.88 in Q1 FY27 beat estimates of ~$2.96-$3.13 by ~31%, Agentforce ARR crossed $1 billion with 3.8 billion agentic work units delivered, and the $50B share repurchase program with $25B already executed via accelerated agreements provides structural price support well below intrinsic value.
Strongest bear case
Citi maintained a Neutral rating and cut its price target to just $187 — nearly at current market price — following Q1 results, signaling that the earnings beat did not change the top-line growth trajectory; BMO noted results 'are not likely to be sufficient to convince bears or bulls to switch sides,' and the stock is already down ~33% from its 52-week high with no near-term catalyst to close that gap in 5 trading days.
What the market may be missing
The market is likely underweighting the margin inflection story: non-GAAP operating margin expanded to 34.8% in Q1 FY27, and with $25B of accelerated buybacks reducing share count materially, EPS could compound significantly faster than revenue growth suggests — making the TTM P/E of 21x misleading relative to the forward earnings power implied by the $3.88 quarterly non-GAAP run rate.
Model breakdown
Signal
Atlas (Claude) — NEUTRAL
Meridian (GPT-4) — NEUTRAL
Grayline (Grok) — NEUTRAL
Vantage (Gemini) — BULLISH
msj100_CRM_20260607T023001Z
Peer comparison
Signal
CRM
current
$167.56 ▼2.1%
ADBE
NEUTRAL
$223.64
AMD
NEUTRAL
$557.89
ORCL
NEUTRAL
$140.64
AVGO
NEUTRAL
$399.97
Recent SEC filings
Signal
LOG
4 — 2026-06-23
View filing on SEC EDGAR ↗
LOG
4 — 2026-06-23
View filing on SEC EDGAR ↗
LOG
4 — 2026-06-23
View filing on SEC EDGAR ↗
LOG
4 — 2026-06-23
View filing on SEC EDGAR ↗
LOG
4 — 2026-06-23
View filing on SEC EDGAR ↗
CEO scorecard — Marc Benioff
Signal summary
Full detail Pro
MB
Marc Benioff
Chair of the Board of Directors Chief Executive Officer · Salesforce Inc.
CEO since 2001
Total compensation
$49,379,252 ▼ 10.3% YoY
Prior year: $55,074,656
Pay vs performance
Aligned
Board assessment
Say-on-pay approval
77%
Shareholder vote
Board independence
10/13 (77%)
Base salary$1,550,000
Bonus / incentive$3,602,588
Stock awards$27,265,360
Executive appearances
Intel
Free
InterviewMay 12, 2025
Salesforce AI Agentforce Stories Source ↗
Mr. Marc R. Benioff (CEO) · Times of India
Marc Benioff highlighted real-world examples of Salesforce's AI Agentforce autonomously resolving company issues without human intervention. He used these stories to counter claims that 'software is dead,' asserting the continued vitality and evoluti
CEO letter to shareholders
Signal
Full letter Pro
Marc Benioff 2025 Annual Report CONFIDENT

Fellow stockholders,

As we enter our 27th year, Salesforce is not just leading the software marketplace, we are the engine of a whole new era of enterprise technology: the Agentic Revolution.

We have rearchitected our entire platform to turn raw intelligence into real work at scale, positioning our customers to become Agentic Enterprises and thrive in the most profound technology transition in history.

The #1 AI CRM

Agentforce is already driving real-world ROI at global scale.

Record Adoption: While others offer experimental AI, Salesforce has closed 29,000 Agentforce deals, with customers like Amazon, Ford, AT&T, and GM leading the charge. Nearly 90% of Forbes' top 50 AI companies – including trailblazers like Anthropic - now run on our platform.

Proven Customer Impact: Southwest Airlines launched a customer service agent in just four months that now autonomously resolves 20% of its 20 million annual requests. Siemens is using sales agents to qualify 500 leads daily, saving 1,200 hours per human agent annually. SharkNinja has already powered over 250,000 consumer engagements through its Shopper Agent. By autonomously scheduling thousands of home tours, Lennar has turned agents into the ultimate front door for home buying.

A Powerhouse of Innovation and Trust

The Agentic Revolution is ushering in a new operating model for the enterprise that is reshaping how work gets done. Every agent needs somewhere to land: a trusted, unified platform that brings data, apps, agents, and humans together. That's Salesforce.

Data at Scale: An AI agent is only as good as the data it can access. Our platform provides the essential "landing zone" for agents, integrating trusted data, business logic, and secure workflows. In fiscal 2026, we ingested 112 trillion records through Data 360.

Explosive Growth: Agentforce and Data 360 are the fastest-growing, most innovative products in our history. Agentforce ARR reached $800 million, up 169% year over year.

The Agentic Interface: Slack, now featuring Slackbot as the ultimate teammate, serves as the primary interface for work for over a million customers.

Unprecedented Financial Strength

Our shift to an agentic focus is driving the best financial results in our history.

Revenue Leadership: We achieved full-year revenue of $41.5 billion in fiscal 2026, and we are guiding to more than $46 billion in revenue for fiscal 2027. With our commitment to disciplined, profitable growth, we closed the year with a non-GAAP operating margin of 34.1% and $72.4 billion in total RPO.

Following our strong start with Informatica, we have increased our fiscal 2030 revenue target to $63 billion.

Shareholder Value: We returned $14.3 billion to stockholders this year. In March 2026, we commenced a historic $25 billion accelerated share repurchase, signaling our total confidence in the Agentic Era.

Values-Led Leadership

As we scale, we remain committed to our values.

1-1-1 Philanthropic Leadership: We have provided nearly $1 billion in community grants, contributed over 10 million employee volunteer hours, and empowered over 64,000 nonprofits to run on Salesforce through free licenses or deep discounts.

We are moving beyond simple automation to a future where humans and agents work together to transform the world. Thank you for your trust as we lead this extraordinary revolution.

With deep gratitude,

Marc Benioff
Chair & Chief Executive Officer,
Salesforce

Xavier analysis
The letter conveys strong optimism and confidence through phrases like 'record-breaking financial performance,' 'unmatched innovation,' 'perfectly positioned to lead,' and 'total confidence in the Agentic Era' to describe the company's achievements and future prospects.
Strategic themes by emphasis
#1Agentic Enterprise & AI Leadership
#2Financial Performance & Growth
#3Values-Led Leadership & Philanthropy
#4Innovation & Platform Trust
#5Shareholder Value
8 named projects & initiatives
Agentic Revolution, Agentic Enterprises, Agentforce, Data 360, Slack, Slackbot +2 more
3 product, 2 strategic initiative, 1 technology, 1 acquisition, 1 program
Forward-looking statements
7 total: 3 quantified, 1 directional, 3 vague
Capital allocation priority
Organic Growth & Innovation → Shareholder Returns (Buybacks) → Acquisitions
Key quotes
“As we enter our 27th year, Salesforce is not just leading the software marketplace, we are the engine of a whole new era of enterprise technology: the Agentic Revolution.”
Declares Salesforce's pivotal role in a new technological paradigm.
“We delivered record-breaking financial performance, reaching $41.5 billion in revenue, while continuing to expand margins and generate powerful cash flow.”
Summarizes the strong financial health and operational efficiency for the fiscal year.
View 2025 Annual Report (PDF) →
Executive compensation
Signal
NameTitleTotal compensation
Marc BenioffChair of the Board and Chief Executive Officer$49,379,252
Robin WashingtonPresident and Chief Operating and Financial Officer$28,445,699
Srinivas TallapragadaPresident and Chief Engineering and Customer Success Officer$20,580,778
Miguel MilanoPresident and Chief Revenue Officer$18,701,481
Parker HarrisCo-Founder and Chief Technology Officer, Slack$14,547,253
David SchmaierPresident and Chief Strategy Officer$15,193,161
Source: DEF 14A proxy statement · 2026-04-16
Governance
Pro
Dual-class shares: No
Poison pill: No
Clawback policy: Yes
Stock ownership req.: Yes
Shareholder proposals
Requesting the Adoption of Cumulative Voting
AGAINST
Pending
Debt intelligence
Pro
4 debt instruments · 10 CUSIPs · 3 unique covenants
0.31x
Debt / Equity
25.7x
Interest coverage
1.0x
Net Debt / EBITDA
$11.1B
Net debt
16%
Debt / Assets
Interest coverage trend (EBITDA / Interest expense)
39.6x
24-07
40.4x
24-10
41.0x
25-04
47.0x
25-07
45.4x
25-10
Credit facilities & debt instruments
Credit $6,000,000,000.00
Five-Year Credit Agreement
Matures 2031-03-11 · Filed 2026-03-12
Floating · SOFR | Fed Funds | Prime
unsecured
Term Loan $2,000,000,000.00
THREE-YEAR CREDIT AGREEMENT
Matures · Filed 2025-06-24
Floating · SOFR | Federal Funds | Prime
unsecured
Term Loan $4,000,000,000.00
364-Day Credit Agreement
Matures · Filed 2025-06-24
Floating · SOFR | Federal Funds | Prime
unsecured
Revolver $5,000,000,000.00
Revolving Credit Facility
Matures 2029-10-31 · Filed 2024-11-05
Floating · SOFR | LIBOR | Fed Funds | Prime | SONIA | EURIBOR | ESTR
unsecured
79466XAA6 79466XAB4
Financial covenants
Limitation on Liens
not to exceed 10% of Consolidated Assets
Indebtedness for Borrowed Money secured by Liens
Five-Year Credit Agreement
Limitation on Liens (General Basket)
not to exceed 10% of Consolidated Assets
Indebtedness for Borrowed Money secured by Liens
364-Day Credit Agreement
Maximum Secured Indebtedness for Borrowed Money
≤ 10% of Consolidated Assets
Indebtedness for Borrowed Money secured by Liens / Consolidated Assets
Revolving Credit Facility
CUSIP identifiers (10 on file)
79466XAA6 79466XAB4 79466LAQ7 79466LAR5 79466LAS3 79466LAT1 79466LAU8 79466LAV6 79466LAW4 79466LAX2
Cross-default risk
4 agreements contain cross-default provisions — a covenant breach on one facility may trigger default on others.
Xavier risk radar
Pro
Covenant headroom
Moderate leverage — no covenants on file
Earnings quality
High quality (cash conversion 2.0x)
Risk trend
Risk increasing — Breaches in security measures of the company or third parties resulting in unaut
Mgmt narrative
Management tone: Bullish
Analyst drift
Consensus Buy — targets stable
Insider sentiment
Pattern detection — 90 days needed
Signal history
Signal
DateDirectionConf.Agree.ThesisPriceType
Jun 07, 2026 NEUTRAL 6.7/10 75% CRM trades at ~$186, roughly 33% below its 52-week high of $276.80, but post-Q1 FY27 earnings multip... $185.66 Sched.
May 31, 2026 NEUTRAL 6.5/10 75% CRM just delivered a massive post-earnings gap (+8.5%) on a strong Q1 FY2027 beat (EPS $3.88 vs. $3.... $191.10 Sched.
May 24, 2026 NEUTRAL 6.2/10 67% CRM looks more fairly valued than deeply mispriced for the next 5 trading days: the trailing multipl... $180.07 Sched.
May 17, 2026 NEUTRAL 5.8/10 100% CRM trades at ~$174, roughly 40% off its 52-week high and near multi-year lows, with a forward P/E o... $173.51 Sched.
May 10, 2026 NEUTRAL 6.9/10 67% CRM looks more reasonably valued than many large-cap software peers on forward earnings, and the bro... $181.82 Sched.
May 03, 2026 BULLISH 7.3/10 75% CRM trades at a deep 38% discount to its 52-week high and a 32% discount to consensus analyst target... $183.82 Sched.
Apr 12, 2026 BULLISH 7.0/10 50% CRM is trading near its 52-week low after a 35%+ YTD decline, weighed down by a sector-wide 'buy har... $164.96 Sched.
Showing last 7 signals
CRM Salesforce Inc.
Signal
FY2026 annual report (10-K filed 2026-03-02)
INCOME STATEMENT
? Revenue
$41,525 million 10% YoY
? Operating income
$8,331 million
? Net income
$7,457 million
? Free cash flow
$14,402 million
? EPS (diluted)
$2.42
? Dividend per share
$1.664
Click any row to expand the plain-English explanation. Source: SEC EDGAR XBRL filings.
Capital intelligence
Signal
Weighted Average Cost of Capital · Return on Invested Capital · Economic Value Added
ROIC
10.47%
WACC
9.29%
🟡 NEUTRAL — EVA Spread: 1.19%
? WACC
9.29%
? Cost of equity
10.73%
? Cost of debt (after-tax)
4.26%
? Capital structure
E: 77.75% / D: 22.25%
? ROIC
10.47%
? EVA
$766M
? NOPAT
$6.8B
Risk-free rate: 4.25% (10Y Treasury) · Equity risk premium: 5.50% · Sources: total_debt: XBRL, operating_income: XBRL TTM (4Q sum), invested_capital: Equity + Debt - Cash
Xavier consensus signals are intelligence outputs, not investment advice. All signals are generated by a multi-model AI system and reflect public information at time of generation. Past signal accuracy does not guarantee future performance. Wall Street analyst consensus sourced from public disclosures, summarized weekly. Financial data sourced from SEC EDGAR and yfinance. Insider transactions sourced from SEC EDGAR Form 4 filings. Updated Jun 07, 2026.