On June 18, Salesforce fell 3.01% in regular trading, trading at $156.88/share, with turnover of $1.276 billion. The stock has now declined for over 11 consecutive trading days, marking the longest losing streak in the company's history.
On the news front, Salesforce announced a deal to acquire AI customer agent company Fin for approximately $3.6 billion, raising market concerns over integration and execution risks. RBC Capital Markets analyst Rishi Jaluria assigned a Neutral rating with a $120 price target, noting that Salesforce is simultaneously integrating Informatica, Contentful, and other smaller acquisitions, significantly increasing execution difficulty. The analyst also questioned Fin's product maturity, highlighting that the company only raised approximately $250 million from Hercules Capital in March to accelerate the release of its advanced AI customer agent.
Additionally, broader software sector weakness and intensifying AI competition from Anthropic, Microsoft, and OpenAI have continued to weigh on investor sentiment toward Salesforce's growth outlook.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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