Salesforce Inc. shares fell more than 8.5% in morning trading on April 23, 2026. This move marks the stock's sharpest single-day decline since May 30, 2024. The drop ended a six-day winning streak and pushed shares to their lowest level since mid-April 2026.
Piper Sandler reduced its price target for the firm, citing competitive threats and AI-related risks. The market reaction follows broader investor concerns regarding growth potential for large-scale software companies.
Despite the decline, some analysts suggest the valuation reset offers a buying opportunity. These experts highlight the company's robust financial standing and ongoing adoption of AI products.