Analysts Back Salesforce’s AI Push as Agentforce Adoption Accelerates

Overview

• Truist Securities reaffirmed a Buy rating with a $380 price target on December 15, citing Agentforce progress and signs subscription and support growth could improve into fiscal 2027.
• Evercore highlighted Salesforce as a top enterprise software pick for 2026 based on AI strategy momentum and the potential for revenue re-acceleration.
• Salesforce reported Q3 FY26 revenue of $10.3 billion with a GAAP operating margin of 21.3%.
• Agentforce and Data 360 ARR rose 114% to almost $1.4 billion in Q3 FY26, alongside an average 6% price increase on Enterprise and Unlimited editions effective August 1, 2025.
• The company returned $4.2 billion to shareholders in Q3, while CRM shares are down roughly 20–22% year to date after a recent one-month rally of about 15% and trade near 35x earnings with a P/S about 27% lower than a year ago.