Salesforce Inc. ($CRM) rose on May 13, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
Citi cuts price target on checks suggesting tougher Q1 ahead; sector headwinds in enterprise software
The Bull Case
P/E 21.3x reasonable; RSI 36.97 oversold; analyst target $260.48 well above current $166.05
The Bear Case
Down 3.07% today; analyst downgrades citing Q1 weakness; short interest elevated at 10.47%; enterprise spending slowdown signals
Price Target & What to Watch
$260.48 analyst target (but recent downgrade)