Salesforce ($CRM) rose on April 09, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
-4.60% decline; software sector selloff on Anthropic AI model fears; but analyst thesis: 'Microsoft, Salesforce to lead tech rally'
The Bull Case
Veteran analyst bullish post-ceasefire; reasonable P/E 21.5; enterprise software secular growth
The Bear Case
Software disruption fears from open-source AI; -4.6% daily loss; RSI 29.60 shows weakness
Price Target & What to Watch
Wall Street target $261.64; current $168.25