Salesforce and Software Stocks Are Slumping. Street Estimates May Be Too High.

Salesforce.com stock is coming under selling pressure Monday after Piper Sandler analyst Brent Bracelin cut his rating on the cloud-based enterprise-software giant as part of a broader call asserting that that Street estimates for 2024 look too optimistic for cloud software.

https://www.barrons.com/articles/salesforce-software-stocks-slumping-51e95dad