In the latest trading session, Salesforce.com (CRM) closed at $185, marking a -4.37% move from the previous day.
Investors with an interest in Computer - Software stocks have likely encountered both Salesforce.com (CRM) and Intuit (INTU). But which of these two companies is the best option for those looking for undervalued stocks?
Software stocks got hammered in 2025 and early 2026 because of AI disruption fears. However, as legitimate as the concern may be, the corresponding sell-off was driven by emotions.
Salesforce is a Strong Buy, with the recent -45% selloff creating a rare sentiment-driven value opportunity. CRM's durable SaaS moat, $59.5B RPO, double-digit subscription growth, and robust AI monetization underpin a forecasted 18-month price target of $330 (+70%). Short-term risks from agentic AI and open-source competition are real but over-discounted; large enterprises remain anchored to CRM's scale and governance.
Over 1,400 Salesforce employees have signed a letter calling on CEO Marc Benioff to drop potential business with the U.S. Immigration and Customs Enforcement agency, CNBC confirmed. Earlier on Tuesday, Benioff reportedly joked that ICE agents were on site at an employee gathering in Las Vegas.
Software stocks have been pummeled on worries that AI will start eating into their business. EMJ Capital founder and president Eric Jackson says he is "very bullish" on AI, but that the sell-off in legacy software stocks is "real" with the space seeing a "repricing.
CRM slides nearly 17% in six months, but AI-driven growth, rising recurring revenues and a discounted valuation can make the pullback worth a look.
Salesforce stock (NYSE: CRM) has shown notable rally potential, achieving over 30% gains in less than two months on several occasions, particularly in 2010 and 2023. It experienced two instances of surging more than 50% within comparable timeframes, underscoring its ability for rapid appreciation.
Salesforce made cuts to its workforce at the beginning of this month, with the reduction involving fewer than 1,000 roles, Business Insider reported on Monday, citing a person familiar with the matter.
Salesforce cut part of its workforce earlier this month. Staff in teams across marketing, product, and data were let go.
Salesforce has appointed new leaders in an executive shake-up. Six new hires and promoted executives will lead businesses like Agentforce and Slack.
Salesforce (CRM) and ServiceNow (NOW) are two stocks getting added to the Dan Ives Wedbush AI Revolution ETF (IVES). Diane King Hall notes the news isn't helping either stock, even with Dan pounding the table that both are heavily oversold.