Salesforce (CRM) shares fell -6.85% on high volume, tracking a broader market rotation out of technology stocks despite analysts highlighting strong AI momentum and positive financial guidance.
- Analysts maintain a consensus price target of $331.71 (representing 27% upside) based on the FY2026 revenue guide of $41.5B.
- The positive outlook is supported by AI momentum, specifically mentioning the Agentforce initiative which has secured over 18,500 deals.
- The stock closed at $196.38 and continued to trade slightly lower in after-hours trading, tracking the wider market decline (Nasdaq -1.29%).