{"id":76032,"date":"2023-10-23T22:47:36","date_gmt":"2023-10-24T02:47:36","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/salesforce-unity-see-their-stocks-fall-after-piper-sandler-abandons-bullish-stance\/"},"modified":"2023-10-23T22:47:39","modified_gmt":"2023-10-24T02:47:39","slug":"salesforce-unity-see-their-stocks-fall-after-piper-sandler-abandons-bullish-stance","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=76032","title":{"rendered":"Salesforce, Unity see their stocks fall after Piper Sandler abandons bullish stance"},"content":{"rendered":"
\n

Shares of Salesforce Inc.
\n CRM,
\n -0.85%<\/bg-quote>
\n and Unity Software Inc.
\n U,
\n -2.98%<\/bg-quote>
\n were falling Monday after Piper Sandler analyst Brent Bracelin downgraded the stocks to neutral from overweight. His downgrade of Salesforce comes as he sees growing risk around execution and mergers, \u201cAI monetization uncertainty,\u201d and a more balanced risk-reward profile following a 50%-plus rise in the shares so far this year. Salesforce shares were off 1.6% in morning activity Monday. Bracelin also moved to a neutral stance on Unity, whose shares were off 2.5% early Monday, citing \u201cpotential downside risks to 2024 ad growth after the pricing spat with game developers.\u201d He downgraded shares of Asana Inc.
\n ASAN,
\n +0.49%<\/bg-quote>
\n and Alteryx Inc.
\n AYX,
\n -9.22%<\/bg-quote>
\n to underweight from neutral, while lowering his rating on Matterport Inc.
\n MTTR,
\n -6.00%<\/bg-quote>
\n to neutral from overweight. \u201cDespite taking a more cautious [software] stance into year-end on this mismatch on 2024 expectations,\u201d his highest-conviction picks are Microsoft Corp.
\n MSFT,
\n +0.81%<\/bg-quote>
\n among large-capitalization names and Procore Technologies Inc.
\n PCOR,
\n +0.19%<\/bg-quote>
\n among small caps. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Salesforce Inc. CRM, -0.85% and Unity Software Inc. U, -2.98% were falling Monday after Piper Sandler analyst Brent Bracelin downgraded the stocks to neutral from overweight. His downgrade of Salesforce comes as he sees growing risk around execution and mergers, \u201cAI monetization uncertainty,\u201d and a more balanced risk-reward profile following a 50%-plus rise […]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-76032","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nSalesforce, Unity see their stocks fall after Piper Sandler abandons bullish stance | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares of Salesforce Inc. CRM, -0.85% and Unity Software Inc. 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