Liani Reiterates Sell Rating on Salesforce Citing Slowing Growth and Execution Risks

Analyst Tal Liani from Bank of America Securities has reiterated a Sell rating on Salesforce (no ticker mentioned) and maintained the price target at $160.00. According to Liani, the company's slowing underlying growth and execution risks are major concerns.

Liani points out that despite strong AI products like Agentforce, Salesforce's organic growth is decelerating, which raises questions about sustainable, internally driven growth. The analyst also notes that the company's reliance on acquisitions such as Informatica, Fin, and m3ter to bolster reported results masks the maturity of the core business.

Liani believes that AI monetization remains relatively small compared to the overall business, and competitive disruption risk is elevated. As a result, he sees an unfavorable risk/reward at the current share price.