Salesforce (CRM) Shares Plunge Amid AI Disruption Fears, Marking Record Losing Streak

Salesforce (CRM) shares fell for a 14th consecutive trading day on Monday, June 22, 2026, closing at $150.12. The stock has plummeted 43% year-to-date, making it one of the worst-performing large tech stocks in 2026, as investors fear AI agents will disrupt the traditional Software-as-a-Service (SaaS) business model. The sell-off stems from concerns that advanced AI agents could reduce enterprise reliance on standardized SaaS products. Since early June, Salesforce stock has dropped nearly 30%. In response, Salesforce announced last week it would acquire an AI agent company for $3.6 billion to integrate proprietary AI models and agent technology. Despite the stock's performance, Wall Street analysts maintain an average "Overweight" rating with an average target price of $244.58, representing a 63% upside from the June 22 close. Analysts acknowledge "SaaSpocalypse" concerns but remain optimistic about Salesforce's customer base and long-term strategy to assist businesses in becoming "Agentic Enterprises."