Salesforce, Inc. (NYSE:CRM) stock is falling on Thursday as enterprise software-related companies trade lower.
35%. The sector-wide decline follows third-quarter financial results from ServiceNow Inc (NYSE:NOW), which reported earnings after the market close on Wednesday.
Additional pressure stems from third-quarter results reported by Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), which sparked broader technology sector concerns.
ServiceNow missed Wall Street expectations for adjusted earnings per share, while Alphabet fell short on both quarterly revenue and earnings per share. Read Also: Stock Market Today: Dow Jones, S&P 500 Futures Trade Mixed After Fed Keeps Rates Unchanged — MSFT, GOOG, TMUS in Focus Wall Street Consensus Wall Street maintains a positive view on Salesforce stock.
3% upside. The breakdown includes 1 Strong Buy, 22 Buy, 7 Hold, and 1 Sell recommendations.
Recent analyst actions include DA Davidson raising its price target to $250 with a Neutral rating, Cantor Fitzgerald maintaining an Overweight rating and $300 forecast on Oct. 21 and B of A Securities upgrading the stock to Buy with a $285 forecast on Oct.
12. 40), which keeps the near-term posture tilted defensive.
36) SMAs. Momentum is also cooling: the MACD is below its signal line and the histogram is negative, which typically means upside pressure is fading unless buyers can quickly reclaim the short-term averages.
For longer-term context, the golden cross in September (50-day SMA above the 200-day SMA) still argues the bigger trend hasn’t fully broken, but this pullback is testing that bullish structure. 83) — Despite today’s drop, the longer-window trend signals still screen as leadership versus the broader market.
79) — The score suggests the market is not assigning top-tier marks to profitability/financial efficiency versus peers right now. 16) — Shares screen as relatively expensive on common valuation measures, which can amplify drawdowns during risk-off sessions.
" The Verdict: Salesforce’s Benzinga Edge signal reveals a momentum-led profile with weaker value, growth, and quality scores, which can create sharper pullbacks when sentiment turns. 50 support area and reclaim the $231–$238 zone of its 50-day EMA/SMA to stabilize the near-term trend.
17 at the time of publication on Thursday, according to Benzinga Pro data.
