On June 24, Salesforce rose 3.03% in regular trading, trading at $154.66/share, with turnover of $1.44 billion. The rebound was driven by investment research firm Monness Crespi Hardt upgrading Salesforce from Neutral to Buy, assigning a 12-month target price of $200.

Analyst Brian White stated that market fears about AI displacing Salesforce are overstated, and the stock's sharp selloff has created an attractive entry point. The upgrade cited compressed valuation, attractive margin structure, strong cash flow generation, a generous share buyback program, and continued progress in helping customers transform into intelligent agent enterprises.

Previously, Salesforce had recorded 11 consecutive trading days of decline — a historic record — triggered by concerns over the approximately $3.6 billion acquisition of AI customer agent company Fin and related integration execution risks. RBC had assigned a Neutral rating with a $120 target price, citing simultaneous integration of Informatica, Contentful, and other acquisitions. The Monness upgrade provides a bullish counterpoint, signaling a potential sentiment shift for the stock.

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