Salesforce Down 31% YTD as Agentforce and Data Cloud Spur Growth
CRM•Salesforce's stock has plunged 31% year-to-date, trading at a steep discount to historic valuation multiples. New Agentforce and Data Cloud offerings have driven a surge in recurring revenues, reigniting growth momentum for the company.
1. Stock Performance and Valuation
Salesforce's shares have fallen 31% year-to-date, pushing its price-to-sales ratio below historical averages and lower than comparable enterprise software companies. The sharp pullback highlights a discounted valuation that may appeal to long-term investors seeking growth at a value price.
2. Growth Drivers: Agentforce and Data Cloud
The recently launched Agentforce AI tools and Data Cloud real-time analytics have driven a surge in recurring subscription and support revenues, supporting management's efforts to stabilize top-line growth. These platforms strengthen Salesforce's enterprise ecosystem by enhancing automation, data management and customer retention capabilities.
