Salesforce Shares Decline Amid Analyst Downgrade Despite Nasdaq Rally
Shares of Salesforce (CRM) fell by as much as 3.9% on Tuesday despite the broader Nasdaq Composite rising, due to a downgrade from Morgan Stanley analyst Adam Wood who cut his price target significantly and changed his rating to 'Equal Weight'. The stock's decline highlights concerns over its AI transition strategy.
Topics: AI transition Morgan Stanley Salesforce Stock downgrade