Movement Alert|Salesforce Falls 3.06% in Regular Trading, Morgan Stanley Downgrades Rating and Slashes Target Price

Market Focus
Jul 22

On July 21, Salesforce fell 3.06% in regular trading, trading at 168.44 USD/share, with turnover of 769 million USD. The decline was primarily triggered by Morgan Stanley downgrading the stock from Overweight to Equal-weight and cutting its price target from $287 to $185, a reduction of over 35%.

Analyst Adam Wood noted that while Salesforce is actively pursuing self-disruption and its AI agent product Agentforce has demonstrated strong key performance indicators, the persistent drag from its legacy business portfolio has offset AI-driven incremental contributions. As a result, overall organic revenue growth and current remaining performance obligations have yet to show an inflection point, suggesting the stock will likely remain range-bound.

The downgrade follows a broader wave of analyst caution. Earlier in July, Bernstein downgraded Salesforce to Market Perform, KeyBanc cut its rating to Sector Weight, and Evercore ISI lowered its target price to $250. The SaaS sector has also faced systemic selling pressure after IBM reported disappointing preliminary results, which dragged down peers including ServiceNow, Workday, and Adobe.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10