Morgan Stanley downgraded Salesforce, Workday, Intuit, SPS Commerce, Rapid7, PagerDuty, Wix, Vertex, and Nice, citing slow AI revenue growth and legacy business weakness. Price targets cut sharply.
KeyBanc downgraded Salesforce to Sector Weight citing slow Agentforce adoption and weak customer feedback.
Strong upside potential in high-quality names.
The deal will expand its Agentforce platform with advanced AI-powered customer service agents.
Salesforce beat Q1 estimates, raised outlook, but weak Q2 guide and AI fears pushed shares lower despite strong AI growth.
BofA is bullish on ServiceNow as an AI winner, but cautious on Salesforce due to slower growth and AI monetization risks.
