Bank of America Revises Downside Outlook for Salesforce Amid AI and Growth Concerns
On May 18, Bank of America analyst Tal Liani reinstated coverage on Salesforce (NYSE: CRM) with an Underperform rating and a $160 price target. This is significantly below the current stock price near $179 and well under the average 12-month consensus at $268. The bearish outlook stems from concerns over customer growth, upsell potential, and AI monetization.
Topics: AI analyst rating Bank of America Salesforce stock price target