Salesforce Inc. (NYSE:CRM – Get Free Report)’s stock price was down 2% during mid-day trading on Wednesday . The stock traded as low as $249.60 and last traded at $250.6360. 9,302,059 shares changed hands during trading, a decline of 34% from the average session volume of 13,999,767 shares. The stock had previously closed at $255.65.
Salesforce News Roundup
- AI Panic Hit Tech Stocks—But NVIDIA’s Growth Engine Is Intact
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment:Analyst upgrade: Mizuho raised its price target from $265 to $280 and assigned an “outperform” rating, citing a more favorable 2026 setup following Dreamforce. Salesforce gets fresh target hike from Mizuho after Dreamforce
- Positive Sentiment:AI product momentum: Salesforce unveiled Koa, a CRM reasoning model developed with NVIDIA and built on NVIDIA Nemotron, to support complex Agentforce workflows. The company also introduced AIforce and announced expanded partnerships with OpenAI, AWS, Siemens and other vendors. These initiatives could improve AI adoption and strengthen Salesforce’s enterprise distribution advantage. Announcing Koa
- Positive Sentiment:Buyback support: Jim Cramer said Salesforce’s $25 billion share-repurchase program is looking increasingly attractive and argued that the issues weighing on investor sentiment have largely passed. Salesforce’s $25 Billion Buyback
- Positive Sentiment:Usage growth: Slackbot users reportedly rose more than 150% sequentially, suggesting growing customer engagement with Salesforce’s AI tools and potential support for future bookings. Slackbot Users Jump 150%
- Neutral Sentiment:Salesforce’s strong recent earnings, including better-than-expected profit and roughly 11% year-over-year revenue growth, provide financial support, but investors remain focused on whether AI products can accelerate growth and cash flow.
- Negative Sentiment:Service disruption: A widespread outage caused severe delays, intermittent errors or inability to access parts of Salesforce’s cloud suite during Dreamforce. The timing raises concerns about platform reliability, customer satisfaction and execution, making it the clearest immediate pressure on CRM shares. Salesforce Service Outages Strike on Day 2 of Dreamforce
- Negative Sentiment:Some analysts question whether Salesforce’s elevated valuation is justified while free-cash-flow growth slows and most sales and service customers have not yet upgraded to premium AI-enabled editions.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Wall Street Zen lowered Salesforce from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. BTIG Research restated a “buy” rating and issued a $300.00 target price on shares of Salesforce in a research note on Wednesday, September 2nd. Weiss Ratings raised Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Macquarie Infrastructure dropped their price target on Salesforce from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. Finally, Wolfe Research raised Salesforce from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $267.50.
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