Salesforce Hits 52-Week Low After 14-Day Losing Streak

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Salesforce shares fell to a 52-week low of $146.32 on June 22, capping a 14-session losing streak that is the longest in the company's history. The stock has dropped roughly 29% during this streak and is down 42% year-to-date, losing nearly 60% from its all-time high of $368 set in December 2024. The selloff is driven by fears of a 'SaaSpocalypse,' where AI agents and coding tools could make traditional SaaS platforms obsolete, amplified by Accenture's near-20% single-day collapse the prior week after it cited AI compressing demand for IT services. Salesforce has responded with aggressive M&A, including a $3.6 billion all-cash buyout of AI firm Fin and 15 deals since May 2025, helping its Agentforce platform grow 205% year-over-year to a record $1.2 billion in the latest quarter, though investors remain concerned about integration and profitability. Despite the decline, Wall Street remains overwhelmingly bullish, with 37 of 51 analysts maintaining Buy-equivalent ratings and a consensus price target of $258, implying roughly 70% upside.

Impact on assets 4

Artificial Intelligence▼ · 3 stocks
Salesforce.com Inc
CRM
▼ NegativeCompetitionrelevance

Fears of AI agents and coding tools making traditional SaaS obsolete, driving 14-day losing streak.

Accenture plc
ACN
▼ NegativeDemandrelevance

Accenture's near-20% collapse cited AI compressing demand for IT services, amplifying SaaS fears.

Quantum Computing▲ · 1 stocks

Off-coverage companies 1

Intercom (Fin)Private± Mixed
relevance

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