Stewart Butterfield, Slack co-founder, who joined the company through the Slack acquisition, is leaving Salesforce. His position as CEO of Slack will be covered by Lidiane Jones. Last week Bret Taylor co-CEO of Salesforce also stepped down.
Salesforce (CRM) on July 21 completed the $27.7 billion acquisition of Slack.
Earlier today Credit Suisse cut the Salesforce price target from $250 to $225 while keeping the Outperform rating. Citigroup reiterated CRM with a Neutral and also reduced the price target from $170 to $164.
Salesforce is trading 7.60% lower at $133.54, and the market capitalization stands at $144.56 billion. CRM stock has a 52-week trading range between $132.88 and $270.57.
Stocks, Crypto, Forex and Commodities Breaking News. The latest news and analysis on metals, energy, and agriculture. Live news about gold, silver, copper, platinum, natural gas, crude oil, wheat, soybeans, rice coffee, sugar, cocoa, lumber and cotton.
