IDEA: SHORT SALESFORCE--
UBS sees 'downtick' in partner tone ahead of Salesforce earnings 09:11 CRM UBS analyst Karl Keirstead keeps his Neutral rating and $190 price target on Salesforce ahead of its Q2 results on August 24th. While there is still plenty to like about the stock set-up, his latest round of checks with the company's partners felt incrementally worse than 3 months ago, the analyst tells investors in a research note. Keirstead added that it doesn't sound like Q2 was too challenged, but every partner flagged a weakening demand backdrop, longer sales cycles and deal down-sizing, suggesting that the macro impact on IT spending is rolling through every software sector.
THEY MAY MAKE THEIR NUMBER BUT I DON'T SEE HOW THEY GUIDE WELL
CRM-$190