Overview
- Goldman Sachs lowered its Salesforce target to $281 with a buy rating, joining Truist at $280 (buy), Piper Sandler at $250 (overweight), and RBC at $210 (sector perform).
- Salesforce beat in Q4 FY2026 with revenue of $11.20 billion and adjusted EPS of $3.81, edging past consensus on both metrics.
- FY2027 guidance calls for 10%–11% consolidated revenue growth, which implies roughly 7%–8% organic growth when excluding the Informatica acquisition.
- Management guided operating margins about 60 basis points below analyst expectations, adding pressure to near-term profit expansion assumptions.
- Agentforce showed rapid uptake with an $800 million annualized run rate, 29,000 deals closed, and 771 million Agentic Work Units in Q4, while combined Agentforce and Data 360 annualized revenue including Informatica topped $2.9 billion.