Salesforce Stumbles into Q2 Earnings with 24% Drop from High

Salesforce stock has dropped 24.4% from its 52-week high of $269.11, trading at around $205.69 as it heads into Q2 earnings.

The company's market cap is approximately $168.5 billion, with a price-to-earnings ratio of 23.83, according to Benzinga Pro.

Analysts have set high expectations for the earnings report, forecasting adjusted EPS of $3.27 on revenue of $11.13 billion, up 10.7% from last year's $10.24 billion.

Salesforce has faced criticism and downgrades from top analysts, including Morgan Stanley, KeyBanc Capital Markets, and Bank of America, citing slowing customer acquisition and unproven Agentforce monetization plans.