Salesforce Stock Lags S&P 500 Despite Recent Rally

Salesforce's stock has been underperforming the S&P 500 Index over the past year, despite exceeding its return in the last three months. The company's shares have dipped 6.2% from their 52-week high of $269.11 and are down 3.4% on a YTD basis.

The San Francisco-based technology giant's stock has been trading above its 50-day and 200-day moving averages since July, but its recent performance has raised concerns among investors. In contrast, the S&P 500 Index has returned 12.7% over the same period.

Salesforce's Q2 2027 results on August 26 saw a 22.6% jump in shares following an increase in fiscal 2027 revenue guidance to $46.1 billion - $46.4 billion, driven by AI-driven demand from Agentforce and Data 360. Adjusted EPS more than doubled to $5.90.