Salesforce stock: recent performance snapshot
Salesforce (CRM) has been under pressure recently, with the stock showing a 0.7% decline over the past day and an 8.1% decline over the past week, adding to weakness over the past month and past three months.
See our latest analysis for Salesforce.
Looking beyond this week, Salesforce’s share price return year to date is a 16.9% decline, while the 1 year total shareholder return of 37.5% decline contrasts with a 26.2% gain over 3 years and a 10.7% fall over 5 years. This suggests momentum has recently faded after earlier strength.
If recent volatility in Salesforce has you reassessing your tech exposure, it could be a time to broaden your watchlist with high growth tech and AI stocks.
With Salesforce trading at a discount to some valuation estimates and recent returns under pressure, is this slump an opportunity to purchase a large CRM and AI platform at a markdown, or is the market already fully accounting for its future growth?
Most Popular Narrative: 21.6% Undervalued
According to the most followed narrative, Salesforce’s fair value sits at $268.76 per share against a last close of $210.81, leaving a sizable valuation gap that hinges on how its AI heavy CRM model scales.
Salesforce (NYSE: CRM) delivered another strong quarter, proving it can grow revenue while expanding profitability, something investors have demanded for years. For Q2 fiscal 2026 (ended July 31, 2025), revenue climbed 10% year-over-year to $10.2 billion, with subscription and support revenue up 11% to $9.7 billion.
Read the complete narrative.
Want to see what sits behind that gap between price and fair value? According to yiannisz, the story leans on steady revenue expansion, firmer margins and a future earnings multiple usually reserved for high quality software platforms. Curious how those pieces fit together into $268.76 per share? The full narrative lays out the numbers that drive that 21.6% undervaluation call.
Result: Fair Value of $268.76 (UNDERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, this thesis still leans on two key swing factors: that enterprises keep paying up for Salesforce’s AI heavy bundles, and that AI infrastructure costs stay under control.
Find out about the key risks to this Salesforce narrative.
Build Your Own Salesforce Narrative
If you look at the numbers and reach a different conclusion, or simply prefer to trust your own work, you can build a fresh Salesforce thesis by starting with Do it your way.
A good starting point is our analysis highlighting 4 key rewards investors are optimistic about regarding Salesforce.
Looking for more investment ideas?
If Salesforce has you thinking more carefully about where you put your money, do not stop here. Broaden your opportunity set before the next move catches you off guard.
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.
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