10hon MSN
Salesforce shares down 4% in premarket on weak guidance, raising concerns over AI competition
Salesforce shares are expected to open lower after a lukewarm sales growth outlook, trading down 4% pre-market at $183.79.
Major indexes tumbled as traders digested recent trade war updates and as fresh AI fears percolated on Wall Street.
Salesforce now trades at a forward P/E of 14 and a PEG below 1, with gross margins near 78% and free cash flow outpacing Walmart. Read why CRM is a Strong Buy.
Therefore, the most likely Salesforce stock price forecast is bearish, with the initial target being $150. In the future, ...
Should historical trends continue, forthcoming catalysts may steer CRM stock toward significant new highs, providing shareholders with remarkable returns.
Salesforce ( CRM) was in focus on Tuesday as recent channel checks performed by UBS showed an uptick in Agentforce usage, but core growth has remained "muted." ...
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