Salesforce shares tumble 20%, on pace for worst day since 2004
Publishing timestamp: 2024-05-30 13:39:02
Summary
Salesforce shares fell 20% after weaker-than-expected fiscal first-quarter results, but analysts are optimistic about the company's use of generative artificial intelligence. Some analysts lowered their price target, while others maintained a buy rating and believe in growth catalysts like easing interest rates and AI.
Sentiment: MIXED
Tickers: CRM,
Keywords: breaking news: technology, technology, earnings, internet, media, salesforce inc, breaking news: business, business news, enterprise,
Source: https://www.cnbc.com/2024/05/30/salesforce-stock-fall-earnings-revenue-miss.html