Jan. 16 at 11:22 PM
$CRM continues to fall amid broader sector weakness, driven by investor anxiety over AI monetization and increasing competition, as well as by specific company concerns, such as slowing revenue growth forecasts.
The company is facing intense competition from major tech players such as
$AMZN and
$ORCL, which are bundling their own AI and data tools, putting pressure on the broader software sector. Insider selling is also pressuring the stock.
$CRM has price targets of
$338 at Barclays and
$290 at RBC Capital. The company reports Q4 earnings in late February.