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Salesforce Stock Downgraded Amid AI Concerns, Plummets 30%

4/22/2025

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Summary

Story summary

Salesforce is under fire as D.A. Davidson has downgraded its stock to "underperform," slashing the price target from $250 to $200. Analysts worry that the company's pivot to artificial intelligence could overshadow its foundational business, jeopardizing future growth. This year, Salesforce's stock has plummeted nearly 30%, reflecting ongoing market turbulence.

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Story summary

Salesforce is under fire as D.A. Davidson has downgraded its stock to "underperform," slashing the price target from $250 to $200. Analysts worry that the company's pivot to artificial intelligence could overshadow its foundational business, jeopardizing future growth. This year, Salesforce's stock has plummeted nearly 30%, reflecting ongoing market turbulence.