Salesforce Becomes Dow’s Worst Performer as Agentforce Bet Fuels Valuation Plunge

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โดย Insider Monkey·Read original
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Salesforce has become the worst-performing component of the Dow Jones Industrial Average, down roughly 31.48% year to date, as its Agentforce AI agent strategy faces mounting skepticism. Bernstein downgraded the stock to Sector Weight on July 9, removing its price target and citing poor customer feedback, while Goldman Sachs reiterated a Buy rating and $242 target on July 14, expecting organic growth to reaccelerate in the third quarter. Shares now trade at a forward earnings multiple of just 10.83 times, a sharp drop from the five-year average of over 127 times, and short interest stands at 6.39% of the public float. Insider Monkey’s first-quarter 2026 database showed 101 elite hedge funds holding positions, down from 115 in the prior quarter, though that decline predates the stock’s slide to historically low valuations.

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