Salesforce (CRM) will report fiscal Q3 results on Wednesday, and Truist Securities said it is watching for updates on key artificial intelligence and data metrics that underpin the company's "Agentic Enterprise" strategy.

The investment firm expects continued strength in combined Data 360 and AI annual recurring revenue, which grew 120% year over year to $1.2 billion last quarter, and is also looking for an update on Salesforce's new Agentic AI ARR metric, which stood at $440 million and grew 400% year over year.

The brokerage highlighted Salesforce's new Agentic Enterprise License Agreement, noting more than a dozen deals have been completed and over 150 are in the pipeline for the second half of fiscal 2026. Salesforce aims to grow paid customers for Data 360 and Agentforce from about 10,000 to more than 20,000 by year-end.

Truist also pointed to increased seller capacity, up more than 20% year over year across roughly 14,000 account executives, and said rising productivity could support operating leverage. The firm added that improving net new annual order value, alongside easing attrition, could help drive a revenue reacceleration.

Salesforce is targeting $60 billion in revenue by fiscal 2030, excluding Informatica, and expects to achieve Rule of 50 performance by then, the firm said. Truist is also monitoring synergy opportunities following the recent close of the Informatica acquisition.

Truist maintained its buy rating and $400 price target on the shares.

Shares of Salesforce were up 1.4% in recent trading.

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