Is Salesforce (CRM) Stock a Buy After Crushing Earnings and Launching Claudeforce?
TLDR
- Salesforce reported adjusted EPS of $5.90, crushing the $3.27 consensus estimate, with revenue up 10.8% to $11.35 billion
- The company expanded its Anthropic partnership, integrating Claude into Agentforce and launching “Claudeforce”
- Agentforce and Data Cloud ARR approached $3.9 billion, with Agentforce ARR alone hitting around $1.5 billion
- Management raised FY2027 revenue guidance to $46.1 billion to $46.4 billion
- Wolfe Research upgraded CRM to “strong buy” while Truist raised its price target to $300
Salesforce (CRM) opened at $256.60 on Monday, trading near its 12-month high of $269.11. That move comes on the back of a strong earnings report and a deepened partnership with Anthropic that investors are clearly excited about.
The company reported adjusted EPS of $5.90 for the quarter ended August 26th, well ahead of the $3.27 analyst consensus. Revenue came in at $11.35 billion, up 10.8% year over year and just above the $11.33 billion estimate.
There is a catch worth flagging. Of that $5.90 EPS, roughly $2.53 came from strategic investment gains, including an estimated $2.7 billion unrealized gain tied to Salesforce’s stake in Anthropic. That is real money, but it is not the same as recurring operating income.
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