Salesforce stock slips as Momentum deal and UBS target cut put CRM in focus ahead of Feb. 25 earnings
Salesforce shares dropped 1.2% to $185.57 Thursday after UBS cut its price target to $200, citing no clear signs of accelerating growth. The company announced a deal to acquire Momentum, aiming to boost AI capabilities with more voice and video data. Financial terms were not disclosed. Broader tech stocks also slipped, with ServiceNow and Microsoft down and Oracle up.