Neutral
Salesforce (CRM) stock drops 1.7% amid fresh price target hikes
Despite recent price target increases from several analysts, Salesforce's stock declined by 1.7% in mid-day trading. Analysts remain optimistic about the company's AI initiatives, but concerns about AI execution and security persist.
Key points
- Analysts from Stifel, Canaccord Genuity, and Guggenheim raised their price targets to $300, while BMO Capital increased its target to $285.
- JPMorgan described the recent investor day as 'incrementally positive,' highlighting premium upgrades and Agentforce customer data.
- Investors are questioning whether Salesforce's AI products can materially accelerate growth, with concerns about potential vulnerabilities in Agentforce that could lead to data theft and AI-agent impersonation.
Sources
AI-generated from public news sources. Not financial advice.
