Salesforce Inc. ($CRM) rose on April 13, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
Strong +4.86% close; enterprise software rebound; AI-driven CRM adoption narrative
The Bull Case
Reasonable P/E of 22.17x vs. tech peers; AI integration into CRM products gaining traction; Wall Street target of $261.64 implies 51% upside
The Bear Case
Goldman Sachs warns of AI disruption fears hanging over growth stocks; RSI at 37.88 suggests recent rally may be overextended; high short float at 8.66%
Price Target & What to Watch
Wall Street target: $261.64; current $172.97 shows significant gap