Bernstein analyst Mark Moerdler lowered the firm’s price target on Salesforce (CRM) to $243 from $286 and keeps an Underperform rating on the shares. The firm says it has been concerned that Salesforce was a mature business in a mature market and that expectations were running too high in general and especially as it relates to Agentforce. Salesforce’s Q4 results and guidance were in-line with Bernstein’s expectations as the company delivered a mixed quarter and slower than expected revenue growth guidance for Q1 and FY26.
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