Salesforce Stock Drops 9% Amid Sector-Wide Selling in Enterprise Software

Salesforce (CRM) stock fell 9% intraday to $172.55 due to sector-wide selling in enterprise software, triggered by ServiceNow (NOW) missing Q1 estimates and subsequent analyst price target cuts. The decline reflects broader concerns about AI disruption and margin pressures in the sector, rather than specific issues at Salesforce.

By David Moadel Thu, April 23, 2026 at 8:06 PM GMT+3 3 min read · Yahoo Finance · April 23, 2026, 17:06 UTC

Tickers: $CRM $MSFT $NOW

Topics: analyst price target cuts enterprise software sector Salesforce stock ServiceNow Q1 miss stock price movement

Read the full article at Yahoo Finance

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