John DiFucci took his rating on Salesforce to Sell from Neutral and gave the stock a $247 price target, implying a 26% decrease from the stock’s closing price of $334.02 on Frid

Shares of the customer relationship manager stock fell after news of a Wall Street downgrade hit the wires this morning. Analysts from Guggenheim downgraded the stock from a “neutral” to “sell” rating.

Artificial intelligence-powered chatbots helped consumers purchase and return products during the 2024 holiday season, boosting online sales in the United States by nearly 4% year-over-year, according to a report by Salesforce.

US e-commerce spending rose 9% to a record $241 billion over the holiday period, sparked by widespread discounts, according to data from Adobe.

Key Takeaways Online spending this November and December hit a record $282 billion in the U.S., up 4% from last holiday season, Salesforce said.Sales grew as more consumers found items on TikTok, Instagram and with aid from AI agents,