KeyBanc analyst Jackson Ader downgraded Salesforce (CRM) to Sector Weight from Overweight with no price target The firm states that its checks and customer conversations have not been strong and neither has the feedback on Agentforce, the analyst tells investors in a research note. KeyBanc adds that its recent CIO survey has “delivered another blow”, with Salesforce being a standout for the wrong reasons, leading to a reduction in estimates. The firm further notes that while the company continues to state that its net new Annual Order Value – AOV – is growing above overall AOV growth, KeyBanc is having a hard time finding that trend in the disclosure of Salesforce financials.
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