Salesforce Price Target Cut to $250 Amid Economic Uncertainty

Salesforce Inc's stock has recently seen fluctuations, closing at $258.07, amid concerns over economic uncertainty and a potential U.S. GDP contraction. Analysts from DA Davidson have reduced their price target for Salesforce from $275 to $250, maintaining a 'Neutral' rating, highlighting anticipated declines in corporate investment and consumer spending due to these economic challenges. The company’s average price target from other analysts stands at $371.12, indicating a potential upside from its current price. Meanwhile, Vulcan Value Partners noted a cautious sentiment among management teams following recent elections, affecting their investment strategies. Analysts project Salesforce's quarterly earnings to grow, but they remain skeptical about the overall market environment impacting growth rates. The consensus recommendation for Salesforce remains generally optimistic, reflecting its established position in the enterprise software market despite current pressures.