Salesforce Inc. (NYSE:CRM – Get Free Report) dropped 2.7% during mid-day trading on Tuesday. The stock traded as low as $240.63 and last traded at $240.8250. Approximately 7,456,552 shares changed hands during trading, a decline of 44% from the average session volume of 13,329,114 shares. The stock had previously closed at $247.61.
Trending Headlines about Salesforce
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Here are the key news stories impacting Salesforce this week:
- Positive Sentiment:Agentforce supports the AI growth narrative. Salesforce’s Agentforce generative-AI platform is strengthening the company’s artificial-intelligence positioning and could provide a new source of recurring revenue as customers adopt AI-powered service and sales tools. Agentforce Growth Strengthens Salesforce’s Generative AI Narrative
- Positive Sentiment:Analysts and quantitative screens remain constructive. Zacks highlighted Salesforce as a highly ranked growth stock, while its average brokerage recommendation remains favorable. Another report argued that CRM looks inexpensive relative to its earnings power, potentially supporting the shares if Salesforce sustains earnings growth. Salesforce Is a Top-Ranked Growth Stock
- Positive Sentiment:The Braze acquisition adds strategic potential. Salesforce’s planned $5.66 billion purchase of customer-engagement software provider Braze could broaden its marketing and engagement capabilities, although investors will monitor the deal’s integration and returns. Stocktwits M&A Watch
- Neutral Sentiment:Salesforce remains a prominent technology stock. Comparisons with IBM emphasize CRM’s leadership in customer-relationship management and broad AI integration, while increased investor attention may improve visibility but does not itself change fundamentals. Salesforce vs. IBM
- Negative Sentiment:Profit-taking is weighing on sentiment. Burke Wealth Management sold its Salesforce position after a roughly 20% post-earnings rally, signaling that some investors view the recent rebound as an opportunity to lock in gains rather than chase the stock higher. Why Burke Wealth Sold Salesforce
- Negative Sentiment:Execution risks remain. Commentary from Japan-focused Salesforce partners warned against the platform becoming primarily a “record-keeper,” highlighting the need for customers to achieve measurable sales-process improvements. This underscores concerns about adoption, competition, and whether AI investments translate into durable growth. Sales Model Reform
Wall Street Analyst Weigh In
Several research firms have recently issued reports on CRM. Bank of America raised Salesforce from an “underperform” rating to a “buy” rating and increased their price target for the stock from $160.00 to $285.00 in a research note on Monday, October 12th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Salesforce in a research note on Tuesday, October 20th. Morgan Stanley set a $315.00 price objective on Salesforce in a report on Wednesday, September 2nd. Truist Financial reiterated a “buy” rating and issued a $300.00 price target (up from $280.00) on shares of Salesforce in a research report on Thursday, August 27th. Finally, Monness Crespi & Hardt lifted their price target on shares of Salesforce from $222.00 to $266.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $278.98.
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