Is CRM a good stock to buy? We came across a bullish thesis on Salesforce, Inc. on Grillo Insights’s Substack by Eric García. In this article, we will summarize the bulls’ thesis on CRM. Salesforce, Inc.’s share was trading at $177.60 as of April 15th. CRM’s trailing and forward P/E were 21.96 and 13.02 respectively according to Yahoo Finance.
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Salesforce, Inc. (CRM) is a leading enterprise CRM platform offering a comprehensive suite of cloud-based solutions, including Sales Cloud, Service Cloud, Commerce Cloud, and Data Cloud, serving approximately 330,000 customers through a SaaS subscription model supplemented by professional services. The company is undergoing a strategic evolution from traditional CRM software toward autonomous AI-driven workflows, led by the rapid emergence of Agentforce.
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Launched just six months ago, Agentforce has quickly become Salesforce’s fastest-growing product, reaching a $500 million annualized ARR with 330% year-over-year growth, signaling a fundamental shift in how enterprises automate and execute business processes. Adoption metrics reinforce this momentum, with over 9,500 paid deals growing 50% quarter-over-quarter, an additional 6,000 deals in pilot stages, and a 70% conversion rate from pilot to production, indicating strong validation and rapid scaling across existing customers.
Importantly, Agentforce is primarily sold as an expansion within Salesforce’s installed base, lowering customer acquisition costs while increasing lifetime value and deepening platform integration. This growth is further supported by a structural tailwind, as IDC projects over $150 billion in cumulative spending on AI-driven digital labor over the next decade, with widespread enterprise adoption already underway.
Despite a recent 9.8% decline in share price to $229.97 as of January 28, 2026, the pullback reflects a valuation reset rather than a deterioration in fundamentals. With a 2026 price target of $329.65, implying a 44.61% upside, Salesforce presents a compelling opportunity driven by sustained triple-digit growth in Agentforce and expanding margins through platform-scale economics.
Previously, we covered a bullish thesis on Salesforce, Inc. (CRM) by Quality Equities in April 2025, which highlighted the company’s resilience to macroeconomic pressures, sticky subscription-based model, and undervaluation implied by conservative free cash flow growth expectations. CRM’s stock price has depreciated by approximately 28.17% since our coverage. Eric García shares a similar view but emphasizes on Agentforce-driven AI transformation and accelerating growth through autonomous enterprise workflows.
Salesforce, Inc. is on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 115 hedge fund portfolios held CRM at the end of the fourth quarter which was 119 in the previous quarter. While we acknowledge the risk and potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRM and that has 10,000% upside potential, check out our report about this cheapest AI stock.
Disclosure: None.
