What's Going On With Salesforce Stock Thursday?

Salesforce, Inc. CRM shares are moving lower on Thursday after the company reported worse-than-expected fourth-quarter earnings.

The Details: Salesforce reported fourth-quarter adjusted earnings per share of $2.78, beating analyst estimates of $2.61, according to Benzinga Pro. In addition, the company reported fourth-quarter sales of $9.99 billion, missing analyst estimates of $10.04 billion.

Data Cloud & Artificial Intelligence (AI) annual recurring revenue for the quarter was $900 million, up 120% year-over-year. Data Cloud passed 50 trillion records and nearly half of the Fortune 100 companies are both AI and Data Cloud customers.

“We had an incredible quarter and year, with strong performance across all our key metrics, including the highest cash flow in our company’s history and more than $60 billion in RPO,” said Marc Benioff, chair and CEO, Salesforce.

Salesforce issued guidance for both the first quarter and fiscal-year 2026. Salesforce expects first-quarter adjusted earnings per share of $2.53 to $2.55, versus analyst estimates of $2.61. The company expects first-quarter revenue of $9.71 billion to $9.76 billion, versus analyst estimates of $9.9 billion.

Salesforce sees fiscal-year adjusted earnings per share of $11.09 to $11.18, versus analyst estimates of $11.19. The company expects full-year revenue of $40.5 billion to $40.9 billion, versus analyst estimates of $41.34 billion.

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Analyst Changes: Following the earnings report, multiple analysts issued price target changes.

• Wells Fargo analyst Michael Turrin maintained an Equal-Weight rating on Salesforce and lowered the price target from $345 to $310.
• Piper Sandler analyst Brent Bracelin maintained an Overweight rating on Salesforce and lowered the price target from $405 to $400.
• BofA Securities analyst Brad Sills maintained a Buy rating on Salesforce and lowered the price target from $440 to $400.
• Stifel analyst Parker Lane maintained a Buy rating and lowered the price target from $425 to $375.

CRM Price Action: At the time of publication, Salesforce shares were down 1.42% at $303.17, according to data from Benzinga Pro.

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