Salesforce Inc. shares extended their decline on Monday, falling 1.44% to $149.6 and putting the stock on track for a record 14th consecutive daily loss.
The move comes amid continued pressure on software companies as investors reassess the impact of artificial intelligence on the software-as-a-service (SaaS) model.
The stock has dropped 43% year to date, with much of the recent weakness attributed to concerns that customers could use AI coding agents to build alternatives to Salesforce’s Agentforce platform.
The current downturn marks the company’s longest losing streak on record and reflects broader sector-wide anxiety over AI disruption.
Salesforce last closed higher on June 1, following mixed first-quarter earnings released on May 27.
However, optimism around a potential re-rating of AI risk in software proved short-lived, as shares have since fallen 28% over the ongoing losing streak.
AI disruption fears and SaaSpocalypse pressure weigh on sentiment
The broader software sector has also come under pressure amid what some analysts have described as a “SaaSpocalypse,” referring to concerns that AI could reshape or displace traditional SaaS business models.
AI agents—software systems capable of completing complex tasks using language models—have become central to these concerns.
While still early in development, the technology has raised questions about whether future workflows in knowledge industries could be handled increasingly by machines rather than traditional software platforms.
Salesforce itself attempted to address investor concerns last week by announcing a $3.6 billion acquisition of an AI agent-focused company, alongside the integration of a proprietary AI model and expanded agent capabilities.
Jefferies noted that Salesforce’s 15 mergers and acquisitions since May 2025 have helped “accelerate innovation.”
Despite this, shares continued to decline, suggesting the acquisition did little to shift near-term sentiment.
Analysts remain divided despite valuation-driven upgrades
Even as Salesforce stock has fallen sharply, Wall Street sentiment remains broadly constructive.
Monness Crespi analyst Brian White upgraded the stock to Buy from Neutral with a $200 price target, citing valuation rather than operational improvements.
White noted that Salesforce has “earned the unflattering title as the second-worst performing stock in our coverage universe in 2026,” but argued that current levels present a compelling valuation opportunity.
He maintained the Buy rating based on discounted pricing and the company’s progress in supporting customers transitioning toward agentic enterprise models.
The stock’s recent weakness also follows a 52-week low of $146.32, underscoring the scale of the selloff.
According to FactSet data, Salesforce carries an average Overweight rating across 54 analysts, with a $244.58 price target.
The stock currently has 40 Buy-equivalent ratings, two Underweight ratings, and 12 Hold ratings.
Recent developments, including a $3.6 billion acquisition of Fin and partnerships such as one with a Formula 1 racing team for AI-driven operations, reflect Salesforce’s ongoing push into applied AI.
However, investor sentiment remains cautious as concerns over long-term software disruption continue to dominate trading behavior.
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