Salesforce Stock Plummets Despite Strong Earnings

Salesforce, a tech giant with a market value over $200 billion, has seen its stock price plummet by over 36% in the last year, underperforming the broader market. Despite strong earnings and revenue, the stock has consistently traded below key moving averages and dropped after a lower-than-expected third-quarter revenue forecast. However, analysts remain optimistic, with 28 giving a Moderate Buy rating and an average price target suggesting a potential 28% increase from current prices.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.