Salesforce is contending with a broader software sector downturn known as the software apocalypse. Investors fear that advancements in artificial intelligence will disrupt the industry. The company's stock hit a new one-year low on the preceding day following significant declines.
Australia and New Zealand Banking Group (ANZ) announced the deployment of the Salesforce Agentforce 360 platform on February 5, 2026. ANZ will utilize the platform for its new AI-powered CRM.
Wedbush identified Salesforce as one of five key software stocks to own. The investment firm maintains an Outperform rating on the stock. Wedbush analysts argue the market is overlooking the company's strong position in the AI landscape.