Salesforce slides as Citi trims price target on weaker deal checks
Salesforce shares fell after a same-day analyst note cut Citi’s price target to $188 from $200 while keeping a Neutral rating. The note cited checks suggesting a tougher near-term quarter with slowing deal activity and competitive pressure ahead of upcoming results.
1. What happened today
Salesforce moved lower on May 12, 2026 as a fresh analyst note reduced expectations into the next quarterly report, pointing to softer field checks and tougher near-term execution conditions.
2. The catalyst
A May 12, 2026 Citi note trimmed Salesforce’s price target to $188 from $200 while maintaining a Neutral rating, citing indications of slowing deal activity and rising competitive pressure into the upcoming quarter.
3. What it means / what to watch next
With earnings approaching later in May, investors will likely focus on near-term bookings/deal cadence, forward guidance, and management commentary on competitive dynamics. Additional same-day downgrades, company updates, or revisions to consensus expectations would be the next likely catalysts.