Salesforce downgraded due to slow AI adoption
Salesforce was downgraded by KeyBanc Capital Markets and Bernstein to a Hold.
The downgrades were due to the slow adoption of Agentforce, the company’s AI agent platform.
The stock fell roughly 3% to 4% at its low before steadying the next day.
A recent survey of chief information officers also deepened the worry, with more planning to trim Salesforce spending over the next year than raise it.