We lower our price target for Salesforce after disappointing guidance

Signage on a Saleforce office building in San Francisco, California, US, on Tuesday, February 23, 2021.

David Paul Morris | Bloomberg | Getty Images

Salesforce shares fell more than 16% on Wednesday after reporting mixed earnings and revised lower expectations. The cloud software company is a high-quality stock in a rough environment – ​​at least for the short term.

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