What is the new price target for Salesforce?

The price target was lowered from $350 to $300.

What is the Agentforce platform?

Agentforce is a Salesforce platform that uses AI to automate tasks.

Did other analysts change their ratings?

The source did not mention changes from other analysts, but some remain optimistic.

Salesforce Falls on Agentforce Momentum Doubts

Salesforce (CRM) shares declined after weak customer checks suggested slowing momentum for its Agentforce platform, prompting analysts to downgrade the stock and cut revenue and profit estimates.

July 9, 2026

2 min read

Source: GuruFocus.com

Shares of Salesforce (CRM) fell in trading today after weak customer checks indicated slowing momentum for its Agentforce platform, leading analysts to downgrade the stock and cut revenue and earnings estimates.

Rating Change

According to the source, an analyst downgraded Salesforce from "Buy" to "Neutral" and lowered the price target from $350 to $300. Revenue estimates for fiscal 2026 were cut by 2% and earnings estimates by 5%.

Analyst Rationale

The analyst believes that the momentum of the Agentforce platform, which aims to automate tasks using artificial intelligence, may not meet initial expectations. Customer checks pointed to slower adoption, potentially impacting near-term revenue growth.

Context

The downgrade comes after Salesforce posted strong results last quarter, but concerns about slowing growth in the AI sector have weighed on the stock. Other analysts remain optimistic, noting that Agentforce may take longer to deliver tangible results.

What to Make of It

Recent moves suggest the market is reassessing Salesforce's potential in AI. Investors are advised to monitor upcoming customer reports and management updates on Agentforce to gauge the growth trajectory.

Frequently Asked Questions

The stock fell after weak customer checks led to a downgrade and estimate cuts, raising doubts about the momentum of the Agentforce platform.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.