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Why Salesforce Stock Fell Hard Today

TheMotleyFool

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Why Salesforce Stock Fell Hard TodayPhoto, wide shot, wide-angle lens, Software company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/70b5df15-67cc-4a1b-af41-3596614daf77.png

Shares of the cloud-based software company Salesforce (NYSE: CRM) were falling today after two analysts lowered their price target for the company's stock. Additionally, Slack's CEO said today that he's leaving the company. Slack was purchased by Salesforce last year.

As a result, Salesforce's share price was down by 7.4% as of 2:45 p.m. ET.

Credit Suisse analyst Phil Winslow lowered his price target for Salesforce stock to $225 down from $250 today and kept an outperform rating on the stock.

Source Fool.com

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