Salesforce shares climb as FY26 outlook gets a boost despite topline miss

Shares of Salesforce CRM.N rise 2.3% to $244.49 in premarket trading, after the co raised its fiscal 2026 revenue and adjusted profit forecasts

Co raised annual revenue forecast to between $41.45 bln and $41.55 bln, from between $41.1 bln and $41.3 bln

Co reported Q3 revenue of $10.26 bln, slightly missing estimates of $10.27 bln, according to data compiled by LSEG

J.P.Morgan says rare topline miss overshadowed by strong bookings momentum and AI traction

Cites cRPO growth of 11% and Q3 being one of the largest pipeline-generating quarters in recent years

Maintains "Overweight" rating, PT $365

Stock rated "Buy" on average; median PT is $322, per data compiled by LSEG

Stock down ~29% this year, as of Wednesday's close