24/7 Wall Street
12 Oct 2026, 12:45 UTC · 1h ago
Salesforce at $229: One Of The Most Unpredictable AI Plays There Is
Impact · against what's priced in
The current price of Salesforce reflects deep skepticism regarding AI monetization, effectively ignoring the bull case for organic growth. While earnings beats and Agentforce ARR growth are strong, the downward revision of fiscal 2028 EPS estimates reinforces the market's refusal to believe AI can offset the decline of the seat-based model.
- CRM−0.10
Already priced in
- The price assumes
Revenue growth decelerating to roughly 4% annually over the next decade
The market's refusal to rally despite a massive earnings beat and the fact that fiscal 2028 EPS estimates ($16.02) are lower than fiscal 2027 ($16.75) confirms the priced-in expectation of long-term growth deceleration.
What CRM's price assumes · Sep 3
