Salesforce Stock Extends Earnings-Fueled Decline as Analysts Lower Price Targets

Key TakeawaysSalesforce shares tumbled after the company reported first-quarter sales that missed estimates and offered weaker-than-expected guidance for the second quarter, leading analysts to lower their price objectives for the stock.Analysts at Bank of America, Jefferies, CFRA, and Wedbush dropped their price targets after Salesforce's earnings release.However, several maintained "buy" ratings, and noted that Salesforce could benefit longterm from enterprise customers' AI plans. Salesforce (CRM) shares ...