On July 30, Salesforce.com fell 3.64% in regular trading, trading at 178.83 USD/share, with turnover of $365 million. The decline was driven by a wave of coordinated downgrades from major investment banks.

Morgan Stanley slashed its target price from $287 to $185 — a cut exceeding 35% — while downgrading the stock from Overweight to Equal-weight. Analyst Adam Wood noted that although Salesforce's AI agent product Agentforce shows strong performance metrics, persistent weakness in legacy business assets is offsetting AI-driven gains, leaving overall organic revenue growth without a clear inflection point. Simultaneously, Bernstein downgraded the stock to Market Perform, and Barclays cut its target price to $236.

Notably, Salesforce had risen over 3% in the prior session on sector rotation flows and Morgan Stanley's bullish software sector thesis, making this reversal particularly abrupt. The current stock price has now fallen below Morgan Stanley's new $185 target, reflecting a significant shift in market sentiment toward the name.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)