Erste downgrades Salesforce to Hold on slowing sales growth

Erste Group downgraded Salesforce to Hold from Buy saying the company’s sales growth this year and next will be lower than in previous years. Salesforce’s profit growth rate is also expected to slow to around 11% year-over-year in 2025, the analyst tells investors in a research note. The firm cites Salesforce’s moderated growth prospects relative to other technology companies and lower return on equity for the downgrade.