Salesforce Inc. (NYSE:CRM – Get Free Report)’s stock price was down 3.8% on Friday. The stock traded as low as $211.00 and last traded at $213.9580. Approximately 6,639,728 shares were traded during trading, a decline of 49% from the average daily volume of 13,090,609 shares. The stock had previously closed at $222.41.
Trending Headlines about Salesforce
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Here are the key news stories impacting Salesforce this week:
- Positive Sentiment:Salesforce’s planned acquisition of AI voice-agent company Cresta could strengthen Agentforce and Service Cloud, adding capabilities for customer-service automation. The deal also brings acquisition costs and execution risks. Article: Salesforce Bets on AI Voice Agents With Planned Cresta Acquisition
- Positive Sentiment:Zacks Research upgraded Salesforce from “hold” to “strong buy,” a favorable analyst signal that may help counter near-term concerns. Article: Zacks Research rating
- Neutral Sentiment:Salesforce is expanding its Coworker offering and promoting a 21-times growth claim, but the report notes that no baseline is provided, making the figure difficult to assess. Article: Salesforce Expands Coworker’s Reach, but Its 21× Growth Claim Has No Baseline
- Neutral Sentiment:The company is extending Agent Fabric to help businesses manage AI agents across platforms. Its large customer base and reported 1.2 billion daily requests suggest potential, but investors still need evidence that the AI activity will translate into meaningful revenue. Article: Salesforce Stock: The 1 Number Investors Still Need to See
- Negative Sentiment:A broader software sell-off is weighing on CRM, while S&P Global Ratings cut Salesforce’s credit rating to A from A+. S&P cited acquisition spending and a $25 billion debt-financed buyback, which lifted pro forma net debt relative to EBITDA above its previous downgrade threshold. The rating action raises concerns about leverage and aggressive capital allocation. Article: S&P cuts Salesforce to A on rising acquisition debt and buybacks
Analyst Ratings Changes
Several equities research analysts have recently weighed in on CRM shares. Barclays cut Salesforce from an “overweight” rating to a “positive” rating in a research report on Monday, October 12th. Canaccord Genuity Group raised their price objective on shares of Salesforce from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Evercore reaffirmed an “outperform” rating on shares of Salesforce in a research report on Tuesday, October 20th. Stifel Nicolaus upped their target price on shares of Salesforce from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, September 17th. Finally, Argus increased their price target on shares of Salesforce from $290.00 to $300.00 and gave the company a “buy” rating in a report on Monday, August 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $278.98.
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