Strong earnings beat and $50B buyback — Salesforce stock jumps 3.80%

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Salesforce rises 3.80% to $199.50 today

Highlights

Salesforce surpassed Wall Street estimates for Q4 FY26 with adjusted EPS of $3.81 and revenue of $11.2 billion, and announced a $50 billion share buyback.
The company raised its quarterly dividend 5.8% to $0.44 per share effective April 23, 2026, while updating its FY2030 revenue target to $63 billion and issuing a subdued FY2027 forecast.
Salesforce shares traded at $199.50, with technical indicators signaling a rangebound outlook of $190.00–$206.00 and immediate resistance at the Ichimoku Kijun level of $205.16.

Long-term targets lifted as AI adoption fuels revenue outlook

Salesforce reported its fiscal fourth quarter and full year 2026 results, exceeding Wall Street expectations with adjusted earnings of $3.81 per share and revenue of $11.2 billion. The company initiated a $50 billion share buyback program and raised its quarterly dividend by 5.8% to $0.44 per share, effective April 23, 2026. Salesforce also revised its long-term revenue target to $63 billion by fiscal year 2030, attributing growth to increased adoption of Agentforce AI and the integration of Informatica. However, the company issued a full-year 2027 revenue forecast below consensus estimates.

Mixed momentum signals as resistance and selling persist

Momentum indicators on the daily chart present a mixed outlook for CRM. While intraday price action is strong, the MACD and ADX both signal ongoing selling pressure, and medium- to long-term moving averages remain overhead, indicating persistent downside risk. The Ichimoku Kijun level at $205.16 serves as immediate resistance. The RSI at 41.11 and the Commodity Channel Index show neither oversold nor overbought conditions, while intraday Stochastic RSI and Bull/Bear Power point to overbought levels and active buyers. CRM's daily price is approaching its intraday high amidst moderate volatility, underscoring increased strength after the open, though mixed signals across indicators highlight the need for caution.

Sideways or declining risk as volatility caps breakout odds

Over the next five trading days, expected volatility suggests a typical band between $190.00 and $206.00, reflecting recent price swings and current technical positioning. Most weekly indicators, including Moving Averages, RSI, ADX, and MACD, show a low probability of sustained upward movement for CRM, making further declines or sideways consolidation likely. A bullish breakout would require a close above resistance at the Ichimoku Kijun ($205.16), opening room to higher levels. Conversely, a move below $190.00 could trigger additional downside if key support fails to hold.

Anton Kharitonov, expert at Traders Union, sees short-term bullish momentum in Salesforce amid persistent medium- and long-term headwinds. He notes that recent earnings and corporate actions have improved sentiment, but technicals remain mixed and resistance at $205.16 remains unbroken. Downside risk is elevated if CRM drops below $190.00. "Until Salesforce can close convincingly above $205.16, I remain cautious and see consolidation or further pullbacks as the base case."

Previously it was reported that Salesforce Inc. (CRM) is trading just above its short-term moving average, signaling some short-term buying interest, but remains under sustained medium- and long-term pressure as it trades well below its MA-50 and MA-200, with the nearest dynamic resistance at the MA-50 and Ichimoku Kijun. Momentum indicators, including MACD and ADX, continue to reflect bearish pressure despite a gap-up and intraday strength, while oscillators remain mixed, highlighting a divergence between short-term recovery and persistent weakness in broader momentum.

Source of Data: CRM Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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