Bank of America Downgrades Salesforce Amid Concerns Over AI Transition and Growth Outlook
Salesforce has seen its stock fall 35% year-to-date amid concerns over the impact of artificial intelligence on traditional software businesses. Bank of America reinstated coverage with an underperform rating, citing structural growth challenges due to muted customer additions, limited upsell potential, and weak AI monetization. The firm set a $160 price target for Salesforce shares.
Topics: AI integration analyst rating market performance Salesforce