Why is CRM stock down ahead of earnings?

Recent price target cuts from Barclays, Evercore ISI, and Jefferies reset expectations, citing slower growth and AI competition. Broader software weakness also weighed on shares. Investors want clearer proof of durable demand and margin progress, so risk appetite stayed low before Salesforce earnings.

When does Salesforce report earnings and what matters most?

Salesforce reports Q4 FY2026 results on Feb 25. Key items include revenue growth near 9%, billings and cRPO, operating margin, and AI traction in Agentforce. Guidance for the new fiscal year and commentary on deal cycles will likely drive the next move in CRM stock.

Is CRM stock attractive on valuation after the selloff?

At $185.29, CRM trades around 23.8 times trailing EPS and 4.18 times sales, with a 0.94% dividend yield and about 7.6% free cash flow yield. The setup can be compelling if growth and margins hold, but results and guidance will determine if the multiple is sustainable.

What is Agentforce ARR and why does it matter?

Agentforce ARR tracks recurring revenue tied to Salesforce’s AI agents. Management highlighted 114% year-over-year growth to roughly $1.4 billion. Strong attach rates and real customer outcomes can support revenue durability and margins, which is central to the investment case for CRM stock in 2026.

What technical levels should traders watch on CRM stock?

Near-term support is around the 52-week low at $174.57, with the lower Bollinger Band near $166.82 below that. Potential resistance sits near the mid-band around $198 and the 50-day average at $232.80. RSI at 24.8 signals oversold conditions into earnings.

Global Market Insights

CRM Stock Today, February 24: Price Targets Cut Ahead of Q4 Earnings

ByDanny Kontos February 24, 2026February 24, 2026

CRM stock is under pressure ahead of Salesforce’s Q4 FY2026 earnings on Feb 25. Salesforce (CRM) closed at $185.29, down 29.7% year to date, with a day range of $183.23 to $186.95. Barclays, Evercore ISI, and Jefferies cut price targets but kept bullish ratings, citing slower 9% revenue growth and AI competition. Investors will watch if Agentforce ARR growth, up 114% year over year to about $1.4 billion, and further margin gains can stabilize sentiment into results.