NEW YORK, Feb 21, 2026, 14:53 EST — Market has closed.
- Salesforce closed out Friday at $185.16, barely budging after a volatile week.
- Citi and BMO trimmed their price targets, citing some early deal activity but noting the signals on AI product uptake remain mixed.
- GoDaddy’s partnership with Salesforce’s MuleSoft division brought renewed attention to AI “agent” security just before earnings.
Salesforce, Inc. shares barely budged Friday, with investors weighing a batch of new price-target cuts just before the company posts quarterly results next week.
Why this matters: Shares are trading close to recent lows, and Salesforce’s upcoming earnings could give a clearer sense of enterprise software appetite in the near term. Traders are zeroed in on whether the company’s AI initiatives can actually drive more consistent growth. Investing.com
It’s an awkward set-up. Bulls argue there are big wins with major customers and emphasize tighter cost control. Bears, though, are keyed in on the sluggish sales cycle and remain skeptical about how fast the new “agent” tools are actually driving paid usage instead of just more demos. Investing.com
Citigroup cut its price target to $197 from $257 while maintaining a Neutral rating. Analysts described their stance as “tactically positive” ahead of the quarter, citing fieldwork that pointed to “accelerated large deal activity.” Still, Citi noted “underwhelming” Agentforce usage as a ceiling on further gains. TipRanks
BMO Capital lowered its price target on the stock to $235 from $275, sticking with an Outperform but flagging “modest” uptake for Agentforce and Data Cloud and what it described as lackluster upsell rates. The firm doesn’t see the quarterly report shifting long-held bull or bear positions. Investing.com
Shares of Salesforce ended Friday at $185.16, slipping about 3% from Tuesday’s close according to recent settlement data. The stock moved in a range from roughly $184 to $192 during the session. Investing.com
GoDaddy announced Feb. 19 it’s linking its Agent Name Service to Salesforce’s MuleSoft Agent Fabric. The move is meant to make it easier for customers to find and authenticate AI agents, as more firms deploy automated software “agents” throughout their organizations. GoDaddy
Travis Muhlestein, GoDaddy’s chief technology officer of product and AI, put it this way in the release: “The agentic ecosystem on the open internet is exploding, so trust and identity need to keep up.” Salesforce’s Andrew Comstock, who heads MuleSoft as SVP and general manager, called the integration a “digital passport” designed to rein in “agent sprawl.” GoDaddy
Announcements like these have turned into a kind of barometer for how investors judge Salesforce’s AI ambitions. Agentforce, shorthand for software “agents” that execute tasks with minimal human direction, sits at the center of the discussion. The key question: can these tools drive enough of a bump in renewal and expansion to move the needle on bookings and deferred revenue? Investing.com
But there’s risk on the table. Should next week’s guidance come off as cautious—or if buyers stick to evaluating AI add-ons without stepping up spending—the stock could slide toward its recent lows. That’s especially in play as rivals roll out their own automation tools.
Investors are now looking to Salesforce’s fiscal 2026 fourth-quarter and full-year numbers, expected after the bell on Feb. 25. The company’s conference call will follow later that day. Salesforce Investor Relations
