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In recent weeks, Unisys announced an expanded collaboration with Salesforce to deploy Agentforce 360 across more than 120 countries, automating millions of annual service tickets and supporting a global network of technicians with AI-enhanced field service tools.
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At the same time, Salesforce and Google Cloud deepened their partnership to let AI agents operate seamlessly across both platforms without copying data, highlighting Salesforce’s push to make its Agentforce and Data 360 stack a central workflow engine for large enterprises.
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We’ll now consider how this expanded Google Cloud partnership and cross-platform AI agent vision might influence Salesforce’s existing investment narrative.
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Salesforce Investment Narrative Recap
To own Salesforce, you generally need to believe that its Agentforce and Data 360 stack becomes a core automation layer inside large enterprises, driving higher contract values and sticky, multi-cloud workflows. The expanded Google Cloud partnership directly supports that thesis by making cross-platform AI agents more usable, but it does not change the near term catalyst, which is proof that AI features can translate into durable revenue growth, or the key risk from intensifying competition with hyperscalers.
Among recent developments, Salesforce’s planned shift to reporting revenue in just two buckets, “Agentforce Apps” and “Data 360, Platform & Other,” feels especially relevant. It will give investors a much clearer view of how quickly the AI agent and data businesses are scaling relative to the legacy cloud portfolio, which matters if you are watching how announcements like the Google and Unisys deals show up in the numbers rather than just in product demos.
Yet while Agentforce momentum is encouraging, investors should still be aware of how fast AI automation could erode the value of Salesforce’s traditional CRM franchise and…
Read the full narrative on Salesforce (it’s free!)
Salesforce’s narrative projects $51.9 billion revenue and $10.3 billion earnings by 2028. This requires 9.6% yearly revenue growth and a $3.6 billion earnings increase from $6.7 billion today.
Uncover how Salesforce’s forecasts yield a $317.21 fair value, a 73% upside to its current price.
Exploring Other Perspectives
CRM 1-Year Stock Price Chart
Some of the most optimistic analysts were already assuming Salesforce could reach about US$58.9 billion in revenue and US$11.6 billion in earnings by 2029, so you should expect those views on AI driven lock in and long term growth to be tested and possibly revised as partnerships like Google Cloud either reinforce or challenge those higher expectations.
Explore 38 other fair value estimates on Salesforce – why the stock might be worth just $200.91!
Reach Your Own Conclusion
Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.
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A great starting point for your Salesforce research is our analysis highlighting 4 key rewards that could impact your investment decision.
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Our free Salesforce research report provides a comprehensive fundamental analysis summarized in a single visual – the Snowflake – making it easy to evaluate Salesforce’s overall financial health at a glance.
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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.
Companies discussed in this article include CRM.
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