Salesforce downgraded by Cantor Fitzgerald amid tech sell-off

by MarketNewsData

Salesforce (NYSE: CRM) closed down $263.97, dropping $6.95 (-2.57%) on Thursday, after Cantor Fitzgerald downgraded the stock from Overweight to Cautious. The move added to pressure from a broader sell-off in software and cybersecurity stocks.

Key Points:

  • Rating Change: Downgrade to Cautious from Overweight

  • Stock Reaction: CRM fell 2.57% to $263.97

  • Market Context: Broader weakness hit tech names, particularly in software and security

Cantor cited valuation concerns and execution risks around Salesforce’s AI transition as reasons for the downgrade. While the company has positioned itself as a key player in enterprise AI, the firm believes near-term optimism may be overextended.

Salesforce has seen strong investor interest following its push into AI-powered CRM, data cloud integrations, and workflow automation. However, Thursday’s decline reflects both analyst caution and sector-wide weakness.

Despite the downgrade, consensus on Wall Street remains positive, with most analysts still rating the stock a “Moderate Buy.” Still, Cantor’s shift highlights rising scrutiny over timelines and returns in the AI investment narrative.

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