Salesforce rallies as analyst says its selloff went too far

Salesforce, Inc. (NYSE: CRM ) stock traded higher by more than 4% on Wednesday after an analyst upgrade. The move stands out because the broader market is mixed, making stock-specific news the cleaner driver. Salesforce drew a bullish upgrade from Guggenheim analyst John Difucci, who said the stock’s sharp decline has created an attractive entry point for investors.

Guggenheim Sees Valuation Upside Difucci upgraded Salesforce to Buy from Neutral and set a $228 price forecast. 7 times recurring revenue and 11 times enterprise value to next-12-month consensus free cash flow. 0x multiple on enterprise value to next-12-month recurring revenue and about 46% upside. AI Risk Looks Overpriced Difucci said AI remains a major risk and that Salesforce could face pressure from agentic AI, but he believes the stock already prices in an overly negative outcome.

The analyst said Salesforce may struggle to grow much, but the current valuation implies a permanent 5% decline, which he views as too harsh. 38). The bearish crossover setup reinforces that—its 20-day SMA is below the 50-day SMA, and the 50-day SMA is below the 200-day SMA. Earnings & Analyst Outlook Looking further out, the next major catalyst for the stock arrives with the September 2, 2026 (estimated) earnings report.

00. 07% Weight Significance: Because CRM carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock. 10 at the time of publication on Wednesday, according to Pro data. Photo: Shutterstock Read Also: Why Is Western Digital Stock Gaining Tuesday?