Recent leadership changes amid a slowdown in revenue is creating challenges.
Salesforce has been hit with a series of challenges that could push its share price down further, according to Atlantic Equities. Analyst Peter Sazel downgraded the software stock to neutral from overweight. Sazel lowered his price target by $60 to $140, which presents a 6.4% downside from Thursday's close.
And he added that challenges within go-to-market strategies have also hurt Slack's integration. Its marquis product, Salesforce, could see more cyclical growth than in the past with core sales and service cloud markets more than 50% penetrated. That means the software's performance could be more tied to growth within clients' headcounts than previous downturns.
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