Bearish
Salesforce stock downgraded by Morgan Stanley to 'Equalweight' with $185 target.
Morgan Stanley downgraded Salesforce's stock rating from 'Overweight' to 'Equalweight' and reduced the price target to $185, citing concerns over growth and subscription revenue. The firm highlighted a disconnect between strong AI momentum and continued weakness in subscription revenue growth. Analysts also noted underperforming areas like Commerce and Tableau, questioning when new initiatives will offset these challenges.
Key points
- Morgan Stanley downgrades Salesforce stock to 'Equalweight' with $185 target.
- Analysts express concerns over growth and subscription revenue.
- Underperforming areas like Commerce and Tableau noted.
Sources
AI-generated from public news sources. Not financial advice.
