Cloud software company Salesforce Inc (NYSE:CRM) could highlight its growth in AI and recent partnerships when the company reports fourth-quarter financial results after market close Wednesday.
Earnings Estimates: Analysts expect Salesforce to report fourth-quarter revenue of $10.04 billion. That’s up from $9.29 billion in last year's fourth quarter according to data from Benzinga Pro.
Salesforce has beaten analyst estimates for revenue in two straight quarters and nine of the last 10 quarters overall.
Analysts expect the company to report fourth-quarter earnings per share of $2.61, up from $2.29 in last year's fourth quarter. The company missed analyst estimates for earnings per share in the third quarter, but has beaten estimates in nine of the last 10 quarters.
Several of the figures reported by the company could be records if analyst estimates are met.
Guidance from Salesforce calls for fourth-quarter revenue to be in a range of $9.9 billion to $10.1 billion. The company expects fourth-quarter earnings per share will come in a range of $2.57 to $2.62.
What Analysts Are Saying: Analysts have been mixed on Salesforce stock heading into the earnings print.
JPMorgan analysts highlighted Salesforce as a potential winner in the AI ripple effect created by DeepSeek's entry in the AI space.
The analysts said companies like Salesforce that enable seamless AI adoption could see an acceleration in demand. Rival companies that are reliant on legacy infrastructure could be hurt by the presence of DeepSeek, the analysts said.
Here are recent analyst ratings on Salesforce and their price targets:
- Citigroup: Maintained Neutral rating, lowered price target from $390 to $350
- BMO Capital: Maintained Outperform rating, lowered price target from $425 to $375
- Loop Capital: Maintained Hold rating, lowered price target from $360 to $330
- Needham: Reiterated Buy rating, with $400 price target
- TD Cowen: Upgraded stock from Hold to Buy, raised price target from $380 to $400
Key Items to Watch: The financial results from Salesforce come after several recent business announcements. Salesforce announced it is expanding its strategic partnership with Google to offer greater flexibility to businesses in selecting AI models and deploying AI-driven agents.
Through the partnership, Salesforce customers can build Agentforce agents using Google's Gemini and deploy Salesforce on Google Cloud.
Salesforce also recently announced its plan to invest $500 million in Saudi Arabia to boost its artificial intelligence deployment. The company will roll out Hyperforce in Saudi Arabia through an alliance with Amazon Web Services.
Salesforce is setting up a regional headquarters in Riyadh as part of its plan to expand its AI footprint around the world.
The company is ramping up hiring for AI sales roles as the sector becomes a larger driver for growth.
Analysts and investors will be looking for more commentary on the company's Agentforce, which got plenty of love from CEO Marc Benioff in the third-quarter results commentary.
"With Agentforce, we're not just witnessing the future — we're leading it, unleashing a new era of digital labor for every business and every industry," Benioff said.
Investors and analysts will also be looking forward to guidance for the next fiscal year.
Price Action: Salesforce stock is down 0.7% to $306.00 Tuesday versus a 52-week trading range of $212.00 to $369.00. Salesforce stock is down 7.5% year-to-date in 2025.
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