Salesforce (CRM) has earned Buy ratings from multiple Wall Street analysts after releasing its Q4 earnings report. Despite a weaker-than-expected FY26 outlook, top-rated analysts stay bullish on CRM stock. The company projected its Q1 FY26 revenues to range between $9.71 billion and $9.76 billion, falling short of the market consensus of $9.91 billion. CRM stock fell nearly 4% in premarket trading on Thursday.
In separate news, Salesforce’s cloud-based communication platform Slack suffered a major outage on Wednesday, disrupting messaging and other key features for thousands of users. The company acknowledged the issue and said it was working on a fix.
Top Analysts Stay Bullish on CRM Stock
Following Salesforce’s Q4 financial results, Morgan Stanley’s five-star-rated analyst Keith Weiss reiterated his Buy rating, predicting a 32% upside. Weiss highlighted Salesforce’s strong market position and solid growth potential. He further noted that the company’s current remaining performance obligations (CRPO), a key investor metric, grew 11% in constant currency, beating expectations and signaling strong demand despite currency impacts.
In simple terms, CRPO refers to the revenue a company expects to recognize in the near term from contracts with customers.
Similarly, Jefferies’ five-star-rated analyst Brent Thill echoed Weiss’s views on CRPO. Thill also believes Salesforce can achieve double-digit revenue growth while gradually increasing margins to the mid-to-high 30% range. Meanwhile, Thill confirmed his Buy rating on CRM stock today, forecasting a growth rate of 38.3%.
Interestingly, Thill has been the most accurate and profitable analyst on CRM stock over the past year, with an 81% success rate.
JP Morgan Sees Long-Term Upside
J.P. Morgan’s five-star-rated analyst Mark Murphy also reiterated his Buy rating on CRM stock with a price target of $380. Murphy stated that Salesforce’s is shifting its focus toward efficiency, balancing slower growth with profitability and free cash flow generation while integrating generative AI. Murphy sees long-term upside, emphasizing free cash flow per share as a key metric and expects margins to expand over time.
Is Salesforce Stock a Good Buy Now?
On TipRanks, analysts have a Moderate Buy consensus rating on CRM stock based on 32 Buys, seven Holds, and two Sells assigned in the past three months. The average CRM price target of $393.24 per share implies a 28% upside potential.
Year-to-date, CRM stock has declined by 8%.
