Salesforce core business neglected on AI pivot, DA Davidson says downgrading co
- Joseph K
- 2 days ago
- 1 min read
DA Davidson downgraded Salesforce.com (NYSE:CRM) to Underperform from Neutral, saying the company is prioritizing its artificial 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.
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