New York, Feb 19, 2026, 14:23 (EST) — Regular session on.
- Salesforce shares slipped in the afternoon, with tech stocks showing some shakiness.
- The company has signed a deal to acquire Momentum, aiming to funnel additional voice and video data into its AI tools.
- UBS cut its price target, pointing to no convincing signs yet that growth is accelerating.
Salesforce traded down nearly 1.2% to $185.57 Thursday afternoon, easing back from its $187.79 close the prior day. ServiceNow dropped about 0.7%. Microsoft edged down close to 0.4%. Oracle moved the other way, up roughly 0.6%.
Why does it matter? Investors want evidence that Salesforce’s latest “agentic” AI—software agents automating tasks for users—can actually drive more consistent growth, not just show up in flashy demos.
That question hangs over the market ahead of next week’s quarterly results, while Wall Street remains on edge about whether big software names are seeing AI investments actually move the revenue needle fast enough.
Salesforce announced Wednesday that it has entered into a definitive agreement to acquire Momentum, a conversational insights and revenue orchestration platform. The move is aimed at boosting the capabilities of Agentforce 360 and Slackbot, letting them pull in and process unstructured data from voice and video platforms like Zoom and Google Meet. “We need visibility and context from every meaningful interaction,” said Steve Fisher, Salesforce’s President and Chief Product Officer. Momentum CEO Santiago Suarez Ordoñez added, “Joining Salesforce allows us to close the loop for GTM teams.” No financial details were made public. Salesforce expects the acquisition to wrap up in the first quarter of its fiscal 2027. (Salesforce)
No lift from the overall market Thursday. Major indexes slipped, pressured by a sell-off in private-equity names and some weakness in tech. AI-linked stocks, carrying hefty valuations, made traders uneasy. “It’s just an over-reaction,” said Max Wasserman, founder and senior portfolio manager at Miramar Capital. (Reuters)
UBS lowered its Salesforce price target to $200 from $260 on Tuesday, sticking with a Neutral rating following talks with seven customers and partners before the Feb. 25 report. According to UBS, customers aren’t looking to swap out Salesforce for an AI-driven alternative, and feedback on Agentforce has picked up. Still, the firm said there’s no sign that backlog or revenue growth rates are gaining traction. (Investing.com)
Momentum marks another in a string of smaller transactions linked to Salesforce’s Agentforce expansion. The company disclosed on Feb. 10 it had agreed to buy Cimulate. (Salesforce)
This week, the company highlighted fresh third-party validation for its data stack: Informatica from Salesforce landed the Leader spot in Gartner’s 2026 Magic Quadrant for Augmented Data Quality Solutions. (Business Wire)
Still, acquisitions may not land well with investors right now—they want more straightforward growth. If Salesforce delivers a cautious outlook next week, or if AI products don’t start moving the needle in the figures, the stock could take another hit.
Salesforce is set to release its fourth-quarter and full-year fiscal 2026 numbers after the bell on Wednesday, Feb. 25, with a conference call lined up for 5:00 p.m. ET. Traders are zeroed in on any changes around Agentforce demand and looking for signals about whether core growth and backlog are picking up or stalling. (investor.salesforce.com)
