Salesforce Prices $25 Billion Senior Notes Offering to Fund Stock Buybacks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2026
0mins
Should l Buy CRM?
Source: Benzinga
- Bond Offering Size: Salesforce has announced a $25 billion senior notes offering aimed at repurchasing common stock through accelerated share repurchase (ASR) agreements, indicating proactive capital management despite challenges in the SaaS market.
- Strong Earnings Performance: Despite the difficulties faced by the SaaS industry, Salesforce reported fourth-quarter revenue of $11.2 billion on February 25, surpassing the $11.18 billion consensus, demonstrating robust market competitiveness even in adversity.
- Technical Analysis Signals: Salesforce's stock is currently trading 6.1% above its 20-day simple moving average but remains 12.6% below its 100-day simple moving average, indicating a short-term bounce while the overall trend remains weak, suggesting caution for investors.
- Future Outlook: The upcoming earnings report on May 27 is expected to show an EPS of $2.79 and revenue of $11.06 billion, representing year-over-year increases of 8.1% and 12.5%, respectively, which will serve as a significant catalyst for stock price movement.
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Analyst Views on CRM
Wall Street analysts forecast CRM stock price to rise
39 Analyst Rating
29 Buy
9 Hold
1 Sell
Moderate Buy
Current: 186.270
Low
223.00
Averages
326.40
High
405.00
Current: 186.270
Low
223.00
Averages
326.40
High
405.00
About CRM
Salesforce, Inc. is a customer relationship management (CRM) technology company. Its artificial intelligence (AI) powered Agentforce 360 Platform offers sales, service, marketing, commerce, collaboration, data management, integration, analytics, and information technology (IT) service solutions. It enables customers to build and deploy digital labor for employees and customers, leveraging autonomous AI agents across business functions. Its service offerings include Agentforce Sales, Agentforce Service, Agentforce 360 Platform, Slack and Others. The Agentforce Sales provides sales capabilities and tools built for organizations across prospecting, sales engagement, team collaboration, sales analytics and AI, sales programs, sales performance, partner management, and revenue and orders. The Agentforce Service provides field service solutions that enable companies to connect service agents, dispatchers and mobile employees through platform to schedule, dispatch and manage jobs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Salesforce CEO Benioff Rebuts AI Disruption Fears
- Sales Growth: Salesforce's recent quarterly sales increased by 12% to $11.2 billion, exceeding Wall Street expectations, although a soft fiscal first-quarter forecast has created cautious sentiment regarding the company's future performance.
- Agentforce Platform Progress: Since its launch in late 2024, Salesforce's Agentforce platform is now utilized by 23,000 of its 150,000 customers, indicating its potential in automating workflows and possibly generating new revenue streams for the company.
- AI Investment Strategy: Salesforce has invested over $300 million in AI startup Anthropic since 2023, which was recently valued at $380 billion and plans to go public later this year, a strategy that could support Salesforce's long-term growth.
- Analyst Optimism: Despite CRM shares declining over 30% in 2026, 35 out of 46 analysts recommend 'Buy' or higher, with an average price target of $268.87, implying a 48% upside, reflecting market confidence in a potential rebound.
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- Technical Analysis Tool: The Maya algorithm, grounded entirely in technical analysis, successfully doubled its account during the market recovery phase, demonstrating the effectiveness of a rules-based trading system in an emotionally driven market.
- CRM Rebound Signal: Salesforce (CRM) experienced a brutal 38% decline over the past three months, dragging its RSI below 30, but it rebounded above 30 on April 13, signaling a strong reversal opportunity suitable for mean reversion trading.
- Trade Setup: The targeted 185-190 bull call spread for CRM has a current cost of approximately $2.50, and if the stock exceeds $190 by expiration, a 100% return is achievable, making this a highly probable trade given the broader market rally.
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- Earnings Improvement: The expected earnings per share of $0.95 indicates a 17.3% growth from the previous year, highlighting the company's success in customer retention and enterprise expansion, which is likely to drive future profitability.
- Expanding Customer Base: By the end of 2025, ServiceNow served over 8,800 global customers, with more than 85% being Fortune 500 companies, demonstrating widespread adoption of its cloud platform among large enterprises and enhancing its competitive edge.
- Increasing Market Challenges: Although the company expects subscription revenues between $3.65 billion and $3.67 billion for 2026, strong competition from AI solutions is projected to create a 150-basis-point headwind to revenue growth, indicating a complex market environment.
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- Geopolitical Risks Escalate: The closure of the Strait of Hormuz by Iran has raised market concerns, especially following U.S. Navy actions against Iranian tankers, which could exacerbate global oil and fuel shortages, further unsettling investor sentiment.
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- Geopolitical Risks Escalate: Iran's closure of the Strait of Hormuz has raised market concerns, especially following U.S. Navy actions against Iranian tankers, which could exacerbate global oil and fuel shortages, further increasing market uncertainty.
- Earnings Season Continues: So far, 81% of the 48 S&P 500 companies that reported earnings have beaten estimates, with Q1 earnings projected to rise 12% year-over-year; however, excluding the tech sector, the growth is only 3%, indicating signs of overall economic weakness.
- Airline Stocks Under Pressure: Airline and cruise line stocks are broadly down due to rising oil prices, with Norwegian Cruise Line Holdings down over 5% and American Airlines Group down over 4%, reflecting the negative impact of high fuel costs on company profits.
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- Market Decline: The S&P 500 index fell by 0.21%, the Dow Jones Industrial Average by 0.04%, and the Nasdaq 100 by 0.24%, indicating investor concerns over rising oil prices that could impact corporate earnings and overall market confidence.
- Oil Price Surge: WTI crude oil prices increased by over 5% due to the closure of the Strait of Hormuz following the US's refusal to lift its naval blockade on Iranian vessels, which could exacerbate global oil and fuel shortages and raise operational costs for affected industries.
- Earnings Expectations: So far, 81% of the 48 S&P 500 companies that reported earnings have exceeded estimates, with Q1 earnings projected to rise by 12% year-over-year; however, excluding the tech sector, growth is only expected to be 3%, indicating signs of an overall economic slowdown.
- Airline and Chip Stocks Under Pressure: Airline stocks are down due to rising fuel costs, with Norwegian Cruise Line Holdings falling over 6%, while chipmakers like Intel are also down more than 2%, reflecting the negative impact of high oil prices across multiple sectors.
See More
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- Sales Growth: Salesforce's recent quarterly sales increased by 12% to $11.2 billion, exceeding Wall Street expectations, although a soft fiscal first-quarter forecast has created cautious sentiment regarding the company's future performance.
- Agentforce Platform Progress: Since its launch in late 2024, Salesforce's Agentforce platform is now utilized by 23,000 of its 150,000 customers, indicating its potential in automating workflows and possibly generating new revenue streams for the company.
- AI Investment Strategy: Salesforce has invested over $300 million in AI startup Anthropic since 2023, which was recently valued at $380 billion and plans to go public later this year, a strategy that could support Salesforce's long-term growth.
- Analyst Optimism: Despite CRM shares declining over 30% in 2026, 35 out of 46 analysts recommend 'Buy' or higher, with an average price target of $268.87, implying a 48% upside, reflecting market confidence in a potential rebound.
See More
Market Sentiment Reverses, CRM Sees Rebound Opportunity
- Market Sentiment Shift: Despite an uncertain geopolitical backdrop, the broader markets have staged a significant rally, with both the S&P 500 and Nasdaq reaching all-time highs, indicating strong underlying momentum that is likely to continue driving stock prices higher.
- Technical Analysis Tool: The Maya algorithm, grounded entirely in technical analysis, successfully doubled its account during the market recovery phase, demonstrating the effectiveness of a rules-based trading system in an emotionally driven market.
- CRM Rebound Signal: Salesforce (CRM) experienced a brutal 38% decline over the past three months, dragging its RSI below 30, but it rebounded above 30 on April 13, signaling a strong reversal opportunity suitable for mean reversion trading.
- Trade Setup: The targeted 185-190 bull call spread for CRM has a current cost of approximately $2.50, and if the stock exceeds $190 by expiration, a 100% return is achievable, making this a highly probable trade given the broader market rally.
See More
ServiceNow Q1 2026 Earnings Forecast Highlights Growth Amidst Competition
- Revenue Growth Outlook: ServiceNow anticipates Q1 2026 revenues of $3.75 billion, reflecting a 21.4% year-over-year increase, showcasing robust performance in the cloud platform sector despite intense competition.
- Earnings Improvement: The expected earnings per share of $0.95 indicates a 17.3% growth from the previous year, highlighting the company's success in customer retention and enterprise expansion, which is likely to drive future profitability.
- Expanding Customer Base: By the end of 2025, ServiceNow served over 8,800 global customers, with more than 85% being Fortune 500 companies, demonstrating widespread adoption of its cloud platform among large enterprises and enhancing its competitive edge.
- Increasing Market Challenges: Although the company expects subscription revenues between $3.65 billion and $3.67 billion for 2026, strong competition from AI solutions is projected to create a 150-basis-point headwind to revenue growth, indicating a complex market environment.
See More
Stock Markets Decline Amid Soaring Oil Prices and Geopolitical Tensions
- Oil Price Surge Impacts Markets: The S&P 500 index fell 0.24%, the Dow Jones Industrial Average dropped 0.01%, and the Nasdaq 100 index declined 0.31% on Monday as WTI crude prices surged over 6%, indicating market sensitivity to rising energy costs amid geopolitical tensions.
- Geopolitical Risks Escalate: The closure of the Strait of Hormuz by Iran has raised market concerns, especially following U.S. Navy actions against Iranian tankers, which could exacerbate global oil and fuel shortages, further unsettling investor sentiment.
- Earnings Season Continues: So far, 81% of the 48 S&P 500 companies that reported earnings exceeded expectations, with Q1 earnings projected to rise 12% year-over-year; however, excluding the tech sector, growth is only expected at 3%, highlighting signs of economic weakness.
- Airline Stocks Under Pressure: Airline stocks retreated as rising oil prices weighed on profits, with American Airlines and Alaska Air both down over 4%, reflecting the direct impact of fuel costs on company earnings and potential downward revisions in future profit expectations.
See More
U.S. Stocks Decline Amid Soaring Oil Prices
- Oil Price Surge Impacts Markets: The S&P 500 index fell 0.41%, the Dow Jones Industrial Average dropped 0.31%, and the Nasdaq 100 index declined 0.66% as WTI crude oil prices surged over 5%, indicating market sensitivity to rising energy costs amid doubts about peace talks regarding the Iran war.
- Geopolitical Risks Escalate: Iran's closure of the Strait of Hormuz has raised market concerns, especially following U.S. Navy actions against Iranian tankers, which could exacerbate global oil and fuel shortages, further increasing market uncertainty.
- Earnings Season Continues: So far, 81% of the 48 S&P 500 companies that reported earnings have beaten estimates, with Q1 earnings projected to rise 12% year-over-year; however, excluding the tech sector, the growth is only 3%, indicating signs of overall economic weakness.
- Airline Stocks Under Pressure: Airline and cruise line stocks are broadly down due to rising oil prices, with Norwegian Cruise Line Holdings down over 5% and American Airlines Group down over 4%, reflecting the negative impact of high fuel costs on company profits.
See More
Oil Price Surge Leads to Market Decline
- Market Decline: The S&P 500 index fell by 0.21%, the Dow Jones Industrial Average by 0.04%, and the Nasdaq 100 by 0.24%, indicating investor concerns over rising oil prices that could impact corporate earnings and overall market confidence.
- Oil Price Surge: WTI crude oil prices increased by over 5% due to the closure of the Strait of Hormuz following the US's refusal to lift its naval blockade on Iranian vessels, which could exacerbate global oil and fuel shortages and raise operational costs for affected industries.
- Earnings Expectations: So far, 81% of the 48 S&P 500 companies that reported earnings have exceeded estimates, with Q1 earnings projected to rise by 12% year-over-year; however, excluding the tech sector, growth is only expected to be 3%, indicating signs of an overall economic slowdown.
- Airline and Chip Stocks Under Pressure: Airline stocks are down due to rising fuel costs, with Norwegian Cruise Line Holdings falling over 6%, while chipmakers like Intel are also down more than 2%, reflecting the negative impact of high oil prices across multiple sectors.
See More
