Morgan Stanley Analyst Cuts Salesforce Price Target by 35%
Morgan Stanley analyst Adam Wood reduced the price target for Salesforce (CRM) from $287 to $185, a 35% cut, and downgraded it from Overweight to Equal Weight. The move reflects concerns over timing rather than skepticism about AI potential; however, Agentforce's current revenue contribution is too small to offset weaknesses in other areas like Commerce and Tableau.
Topics: AI adoption Morgan Stanley Salesforce Stock downgrade