Salesforce Analyst Slashes Price Target By 14% To Reflect Broad-Based Macro Concerns In Front-Office Software

Wells Fargo analyst Michael Turrin maintained Salesforce Inc (NYSE: CRM) with an Overweight and reduced the price target from $220 to $190. Macro concerns are becoming more broad-based across front-office software this earnings season. With Salesforce's recently lowered numbers on its FQ2 call, investor debate around the ROY setup has intensified. Commentary from his recent round of checks is lending credence to growth-related investor concerns, with partners noting a meaningful shift in the dem Read More...


Tesla Dangerously Loses Its Luster

In minds and numbers, Tesla remains the star of the automotive industry. The market capitalization of Elon Musk’s group is above $532 billion at last check. Toyota , General Motors , Ford and Volkswagen are far behind with market values $199 billion, $57 billion, $56.5 billion and nearly $100 billion, respectively.

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