Salesforce to Acquire AI Analytics Platform Loops, Bolstering Tableau
CRM sits 63% above its 52-week low of $146.32 on light trading volume (0.4× avg).
Summary
Salesforce signed a definitive agreement to acquire Loops, an AI-powered analytics platform, with the deal expected to close in early November of fiscal 2027. No terms were disclosed. The acquisition advances Salesforce's agentic analytics strategy by integrating Loops' technology and talent into Tableau, aiming to help customers identify business drivers and act in real time. This follows Salesforce's recent AI acquisition spree, including two pending deals totaling $5.1B disclosed in the Q2 10-Q. The move reinforces Salesforce's push into AI-driven analytics and could strengthen its competitive position against rivals like Microsoft and Google.
At the time of this announcement, CRM was trading at $238.41 on NYSE in the Technology sector, with a market capitalization of approximately $188.6B. The 52-week trading range was $146.32 to $269.11. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.