S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
Is This The End of Capitalism? (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Dutch firm: US, allies near deal to limit chip tech to China
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
Is This The End of Capitalism? (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Dutch firm: US, allies near deal to limit chip tech to China
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
Is This The End of Capitalism? (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Dutch firm: US, allies near deal to limit chip tech to China
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
Is This The End of Capitalism? (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Dutch firm: US, allies near deal to limit chip tech to China

Analyst: Salesforce Stock Could See More Disruption

Cowen downgraded Salesforce.com, Inc. (NYSE:CRM) to "market perform" from "outperform" this morning, pressuring the shares 1% lower to trade at $144.88 before the bell.

The Wall Street broker also cut its price target on the cloud computing concern to $160 from $175, citing slowing growth for front-office vendors after saying it sees "elevated levels of disruption risk" if consumer spending is dented by a volatile macro backdrop.

Evercore ISI yesterday cut its price target on Salesforce stock to $175 from $200. A further unwinding of optimism could pressure CRM lower, especially considering the 12-month average target price of $190.96 is a 30.4% premium to last night's close and 23 of 34 covering analysts still rate the shares a "buy" or better. 

On the charts, CRM is trying to recover from a mid-December dip to nearly three year lows. Pressure from its 100-day moving average has weighed for the past six months, a time during which CRM shed more than 20%. A look further back shows Salesforce stock sports a 35.3% year-over-year deficit.

For those wishing to speculate with options, now looks like the time to do so. Salesforce stock's Schaeffer's Volatility Index (SVI) of 35% sits in the relatively low 15th percentile of annual readings, suggesting options traders are pricing in low volatility expectations. 

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