Salesforce stock is currently trading at approximately $189.72. The share price has declined between 45% and 50% from its historical peak. This valuation de-rating matches the severity of the 2021-2022 software bear market. The market currently prices the company as a slow-growth incumbent despite its high-margin cloud model. Salesforce generated nearly $15 billion in free cash flow over the last 12 months.
AI-powered modules such as Agentforce and Data Cloud are achieving triple-digit growth. The company's remaining performance obligation book continues to grow at double-digit rates. Salesforce scheduled its Q4 earnings release for February 25, 2026. This upcoming report may provide clarity on the company's future trajectory and market perception.
CEO Marc Benioff recently sparked internal controversy after making a joke regarding US Immigration and Customs Enforcement. Co-founder Parker Harris internally condemned the remark. Harris stated he was not okay with the comment following backlash from employees.