Salesforce Shares Down 43% Past Year as Analysts Slash Targets to $200, $280 Ahead of Earnings
Salesforce shares have slumped 43% over 12 months and 30% year-to-date as software stocks face selling ahead of Wednesday’s earnings, while Stifel and Mizuho cut price targets to $200 and $280 citing AI disruption fears. On February 18 the company agreed to acquire Momentum to bolster its Agentforce AI platform.
1. Shares Slump and Analyst Revisions
Salesforce shares have fallen 43% over the past 12 months and 30% year-to-date as software investors reduce exposure, prompting Stifel to cut its price target from $260 to $200 with a Neutral rating and Mizuho to lower its target from $340 to $280 with an Outperform rating, both citing AI disruption fears.
2. Momentum Acquisition to Boost AI Platforms
On February 18 the company announced it will acquire Momentum, a conversational insights and revenue orchestration platform, to enhance its Agentforce AI platform and Slackbot by integrating the true voice of the customer into complex, multi-step workflows.
3. Pre-Earnings Volatility Outlook
Earnings are due Wednesday after markets close, and traders anticipate a notable swing in Salesforce stock, reflecting heightened volatility across software names and ongoing uncertainty over AI-driven adoption trends.