Veytics Intelligence
2026-09-15 · Yahoo

Can CRM Stock Justify $260 While Its Cash Engine Cools Off?

Image from Pixabay Salesforce (CRM) trades near $260, about 98% of its 52-week high. Its newest AI product was built with Anthropic, and customers must move to the premium editions before they can get it. Nineteen in twenty of its sales and service users have not moved. Meanwhile the net margin is the widest in five years, and management's free-cash-flow growth guide for fiscal 2027 stands at half its earlier level. Salesforce Is Earning More On Every Dollar Than It Has In Years Net margin over the past twelve months is 22.0%, the highest in at least five years and well above its three-year average of 16.0%. Sliding back to that average would cut net profit by more than a quarter, with revenue unchanged. And the cost side is still growing.

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