Movement Alert｜Salesforce.com Falls 4.8% in Pre-Market Trading, Earlier Braze Deal and Target Hike Lack Fresh Follow-Through

Market Focus10-29 16:06

On October 29, Salesforce.com fell 4.8% in Pre-Market Trading, trading at $230.0 per share, with turnover of $0.9488 million.

Recent publicly available developments remain centered on earlier event-driven positives, including a higher analyst target and the announced Braze acquisition, but no new incremental catalyst was identified for the latest move.

Previously, DBS raised its price target on Salesforce.com to $300 from $240. The company also announced an agreement to acquire Braze for about $5.66 billion in enterprise value, or $47.50 per share in cash, representing a 58% premium to Braze's prior close. Salesforce.com said the transaction would not change its fiscal 2027 guidance, with closing expected in fiscal 2028 pending shareholder and regulatory approvals.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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