Mizuho Says This 1 Agentic AI Company Is the Top Software Stock to Buy in 2026

Core Viewpoint - Salesforce is navigating challenges in the enterprise software market while leveraging its AI capabilities, particularly through its Agentforce platform, to enhance customer relationship management and drive growth [1][2][5][6]. Company Overview - Salesforce, headquartered in San Francisco, is the leading customer relationship management (CRM) platform, pioneering cloud-based CRM since 1999 and currently focusing on AI-driven digital transformation [3][4]. Financial Performance - Salesforce reported Q3 revenue of $10.26 billion, a 9% year-over-year increase, and adjusted EPS of $3.25, a 35% increase YOY, surpassing Wall Street's expectations [11][12]. - The subscription and support segment generated $9.7 billion in revenue, reflecting a 10% YOY growth, showcasing the strength of its recurring revenue model [12]. - Annual recurring revenue (ARR) from Agentforce and Data 360 more than doubled, increasing 114% YOY to $1.4 billion, with Agentforce alone achieving over $500 million in ARR, a 330% YOY increase [13]. Market Sentiment - Despite a challenging year, Salesforce's stock has shown signs of recovery following a stronger earnings report, with shares rising 3.7% after management raised its full-year outlook [9][10]. - The stock has faced significant declines, with a 22.88% drop in 2025, extending a previous 23.54% sell-off, contrasting with the S&P 500's 15.37% increase over the past year [7]. Analyst Outlook - Mizuho has included Salesforce among its top enterprise software picks for 2026, indicating rising confidence in the company's ability to address challenges and improve execution [4][15]. - The consensus rating among analysts is a "Strong Buy," with 36 analysts recommending it, and an average price target of $331.71, suggesting a potential upside of approximately 28.65% [17].