"AI transformation" fails to conceal weak subscription income, Morgan Stanley slashes Salesforce (CRM.US) price target to $185

Zhitan Financial APP learned that Morgan Stanley recently downgraded Salesforce (CRM.US) from "overweight" to "neutral", and significantly lowered the target price from $287 to about $185, a decrease of approximately 35%. It bluntly stated that there is a significant disconnect between the rapid advancement of its AI technology and the continued weakness in subscription revenue growth.