Salesforce, Inc.

• CRM Stock Price 24h change: -4.18%. From 259.40 USD to 248.56 USD.
• Yesterday's drop was primarily driven by market-wide volatility in tech stocks and investor concerns regarding the speed of AI monetization. Despite a bullish price target of $330 from Goldman Sachs earlier in the week, the stock faced selling pressure as part of a broader software sector pullback.
• From a technical perspective, CRM is currently exhibiting a "short-term bearish, long-term neutral" stance. The stock has dropped below its 50-day ($250.34) and 100-day moving averages, though it remains slightly above its 200-day moving average ($257.14). The 14-day RSI is at 44.55, indicating increasing bearish momentum without yet reaching oversold territory.
• Goldman Sachs initiated coverage on Salesforce with a "Buy" rating and a $330 price target on January 12, citing AI as a major multi-year tailwind for the software giant.
• Salesforce's "Data 360" and "Agentforce" platforms reported reaching $1.4 billion in recurring revenue for Q3 FY2026, marking a 114% year-over-year increase as the company pivots toward autonomous AI agents.
• Industry reports from NASSCOM indicate that AI now handles over 40% of repetitive tasks in software development at major tech firms, highlighting a rapid shift toward automated code generation and testing across the sector.
• Global data center investments are projected to reach $3 trillion by 2030 to support the massive infrastructure requirements of generative AI, reframing the software sector's competitive advantage toward those with efficient compute access.

• CRM Stock Price 24h change: -0.20%. From 260.53 USD to 260.03 USD.
The stock experienced a slight decline as it opened the week, following a broader cautious sentiment in the enterprise software sector and a 4% slide since the start of the year. Investors are balancing optimistic long-term AI growth projections against immediate concerns over slowing revenue growth and high API costs associated with AI deployment.

• From a technical perspective, CRM presents a "Neutral with Bullish Support": the stock is currently trading near its 200-day moving average ($258.13), which serves as a key support level. While short-term indicators like the 50-day moving average ($261.44) and MACD suggest slight bearish momentum, the RSI at 45.68 indicates the stock is neither overbought nor oversold, providing a stable base for a potential rebound if it breaks resistance at $263.

• Goldman Sachs initiated coverage of Salesforce on January 12 with a "Buy" rating and a $330 price target, citing AI-driven agentic software as a major long-term growth catalyst.
• Insiders recently sold approximately $8.1 million worth of CRM stock, signaling a degree of caution among top executives despite positive analyst sentiment regarding AI monetization.
• Reports from early January show Salesforce's "Agentforce" influenced a significant share of 2025 holiday retail revenue, demonstrating early traction for its autonomous AI agent strategy.

• Gartner's latest forecast projects global software spending to grow 15.2% to $1.43 trillion in 2026, driven primarily by enterprise digital transformation and AI infrastructure.
• The enterprise software sector saw a weak start to the year as both Salesforce and ServiceNow faced downward pressure amid investor scrutiny over the speed of AI return on investment (ROI).