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0.000252748641476062 0.000716121150848761 -0.0016428661695944 -0.00259067357512957 -0.00930957496103462 -0.0107628796495219 -0.0137326761868656 -0.0135431147057585
Stock impact report

Salesforce core business neglected on AI pivot, DA Davidson says downgrading co [Yahoo! Finance]

Salesforce.com Inc (CRM) 
Last salesforce.com inc earnings: 2/25 04:06 pm Check Earnings Report
Company Research Source: Yahoo! Finance
intelligence ambitions at the expense of its core business, which is showing signs of broad deceleration. The firm cut its price target on Salesforce to $200 from $250 and removed the company from its quality stock list, citing concerns over slowing growth across legacy products and recent acquisitions such as Slack, Tableau, and Mulesoft. “We see this as the year Salesforce completes its transformation from SaaS pioneer to late-stage technology company and perennial share donor,” the analysts wrote, adding that an “entire ecosystem” has emerged to replace Salesforce products, with customers frequently describing them as outdated and cumbersome. While DA Davidson noted early traction in Agentforce, the company's AI initiative, analyst has concerns over the timing and scale of the pivot. “We believe betting the whole company on this effort may be at the expense of the other 98% of the company's business,” analysts say pointing to revenue slowdowns across key units and noting cu Show less Read more
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