Salesforce Inc. (NYSE:CRM – Get Free Report)’s share price was down 2% during trading on Wednesday . The stock traded as low as $243.45 and last traded at $244.1920. Approximately 11,813,968 shares traded hands during trading, a decline of 16% from the average session volume of 14,091,065 shares. The stock had previously closed at $249.12.
Salesforce News Roundup
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment:Agentforce adoption is accelerating. Salesforce’s Agentforce annual recurring revenue has surpassed $1.5 billion, supporting the company’s strategy to monetize AI agents and potentially improve revenue growth over time. However, the current scale suggests a steady acceleration rather than an immediate surge. Agentforce ARR Hits $1.5B: Can It Boost Salesforce’s Revenue Growth?
- Positive Sentiment:Analysts remain constructive on long-term growth. Recent commentary points to stabilizing growth, rising Agentforce recurring revenue and a valuation that remains below some major enterprise-software rivals. Salesforce also recently reported adjusted EPS of $5.90, well above the $3.27 consensus estimate, while revenue rose 10.8% year over year.
- Neutral Sentiment:Upcoming company events could determine the next direction. Dreamforce and Investor Day next week may provide updated guidance on AI monetization, Agentforce demand and Salesforce’s growth outlook. Bulls see these events as potential catalysts, while the stock’s recent rally leaves limited room for disappointment. Salesforce is Nearly Fully Priced: Why Bulls Say This is Just the Beginning
- Negative Sentiment:Salesforce is reportedly considering a sizable AI acquisition. The company has held talks to acquire Listen Labs, an AI customer-research platform, for approximately $2 billion—four times its latest reported valuation. Investors may question the price, integration risks and whether the deal would accelerate growth enough to justify the expense. Salesforce has held talks to buy Listen Labs
- Negative Sentiment:Valuation and profit-taking are adding pressure. Salesforce’s stock has risen sharply over the past month and is near its 52-week high, prompting debate over whether the AI opportunity is already reflected in the price. Articles also caution that the latest earnings beat may not represent a durable acceleration, increasing sensitivity to any weaker outlook or slower AI conversion.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of Salesforce in a research report on Thursday, August 27th. Citigroup upped their price target on shares of Salesforce from $204.00 to $233.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. JPMorgan Chase & Co. boosted their price objective on Salesforce from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. DA Davidson raised their target price on Salesforce from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, August 27th. Finally, Barclays lifted their target price on Salesforce from $236.00 to $276.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.50.
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