CRM
Salesforce, Inc.

Salesforce, Inc.CRM

Technology · Software - Application
233.28USD
-1.33%
Sep 23, 2026
CRM overview ready
Salesforce is a direct enterprise-platform beneficiary and enabler: it sells CRM applications, customer-data capabilities, integration tools, and Agentforce agents that can take actions within sales and service workflows.
Narrative is still early
Exposed to the Enterprise Agentic AI Adoption narrative through Agentic Customer Engagement and Revenue Workflows — enabling supplier.
Constructive pullback in an uptrend
Longer-term context reads early recovery, with a near-term setup of constructive pullback.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
High net debt level.
Market Sep 22Filing Jul 31Price action Sep 22Research Sep 15

Conviction Level

NarrativeHeat7.8ThemeHeat7.2PriceAction8.9Valuation4.4CompanyPosition9.3
Price
Loading price history…

Price Action

Constructive pullback in an uptrend
Longer-term context reads early recovery, with a near-term setup of constructive pullback.
EntryConstructive

Structure is constructive on both timeframes without excessive extension — a reasonable entry location.

Key Financials

Market Cap
$192.0B
Avg Volume (60D)
14.6M
60 sessions
Revenue Growth YoY
+9.6%
FY2026 vs FY2025
Gross Margin
+77.3%
Trailing twelve months
Operating Margin
+19.9%
Trailing twelve months
Free Cash Flow Yield
+7.9%
Distance from 200DMA
+16.3%
Next Earnings
2026-12-02
P/E
19.9x
EV / EBITDA
21.5x
EV / Sales
5.0x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jul 31, 2026
Filed balance-sheet data as of Jul 31, 2026

Fundamentals & Valuation

Two of the three valuation perspectives say fair; intrinsic is the dissenting view.
Salesforce, Inc. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
Salesforce is a direct enterprise-platform beneficiary and enabler: it sells CRM applications, customer-data capabilities, integration tools, and Agentforce agents that can take actions within sales and service workflows. Salesforce has a real and specific exposure to enterprise agent adoption, rather than merely generic AI adjacency.
Opportunity
Moderate opportunity
Enterprise software spending on AI agents that use governed business data and workflow integrations to automate customer service, sales, marketing, and related revenue-process tasks.
Key risk
High net debt level.

Narrative & Theme

Enterprise Agentic AI Adoption
Part of Agentic Customer Engagement and Revenue Workflows, with moderate fit.
Salesforce has a real and specific exposure to enterprise agent adoption, rather than merely generic AI adjacency.
Narrative HeatHeating up7.8 / 10
Theme HeatHeating up7.2 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Software - Application
What they do

Salesforce provides cloud-based customer relationship management (CRM) technology services that help companies connect with their customers through software platforms and AI-powered tools.

How it earns

The company primarily generates revenue through subscription-based software licenses and related services.

Products & services
Agentforce
Agentforce Sales
Agentforce Service
Customers & end markets
Enterprises across various industries
Sales and service teams
Market position

Salesforce is a market leader in the CRM software industry.

Demand drivers
Low cyclicality

Demand for CRM software is relatively stable and driven by ongoing business needs rather than economic cycles.