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    Salesforce (CRM) Is Up 22.4% After Strong Q2 AI Uptake And Claudeforce Launch With Anthropic

    Simply Wall St·08/29/2026 10:22:16
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    • Earlier this week, Salesforce reported past second-quarter results showing revenue of US$11.35 billion and net income of US$3.53 billion, while also raising its full-year outlook and highlighting rapid uptake of AI products such as Agentforce and Slackbot.
    • At the same time, Salesforce and Anthropic expanded their partnership with the launch of Claudeforce, embedding Claude deeply into Salesforce’s data and workflows to power AI agents across Salesforce, Slack, and third-party tools via AIforce.
    • We’ll now examine how Salesforce’s stronger AI-driven quarter, including the Claudeforce launch with Anthropic, reshapes its longer-term investment narrative.

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    Salesforce Investment Narrative Recap

    To own Salesforce, you have to believe its core CRM and data cloud will remain the system of record that enterprise AI agents plug into, rather than replace. The latest quarter, with US$11.35 billion in revenue, stronger earnings and a higher full year outlook, suggests AI is currently a tailwind. The key near term catalyst is continued AI driven ARR growth, while the biggest risk is that fast evolving AI platforms still compress pricing power and margins over time.

    The Claudeforce launch with Anthropic is the clearest near term proof point for that AI driven thesis. By wiring Claude directly into Salesforce data, workflows and Slack via AIforce, it reinforces the idea that AI agents sit on top of, and depend on, Salesforce’s existing stack. That supports the catalyst of larger agentic contracts and higher customer stickiness, but also puts a spotlight on the integration and governance risks if Salesforce’s acquisitions and expanding ecosystem do not execute cleanly.

    Yet behind the upbeat AI story, investors should be aware that rising competition and pricing pressure could still...

    Read the full narrative on Salesforce (it's free!)

    Salesforce’s narrative projects $56.7 billion revenue and $10.3 billion earnings by 2029. This requires 9.8% yearly revenue growth and a $2.3 billion earnings increase from $8.0 billion today.

    Uncover how Salesforce's forecasts yield a $241.72 fair value, a 6% downside to its current price.

    Exploring Other Perspectives

    CRM 1-Year Stock Price Chart
    CRM 1-Year Stock Price Chart

    Before this news, the most optimistic analysts were assuming Salesforce could reach about US$59.8 billion of revenue and US$11.7 billion of earnings by 2029, so if you lean toward that view, Claudeforce may look like early validation of a much faster AI driven lock in story than the baseline narrative suggests.

    Explore 24 other fair value estimates on Salesforce - why the stock might be worth 6% less than the current price!

    Decide For Yourself

    Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.