However, the company also said it sees single-digit revenue growth for fiscal 2025.
UBS reiterated a neutral rating alongside its $310 per share price target on Salesforce, or more than 3% upside ahead.
Product revenue growth of 33% year over year in the fourth-quarter was also below Wall Street estimates.
Murphy noted there's a disconnect between what Barrick has accomplished in the past five years and its stock price.
"We see asset disposals and cost improvements as likely to reverse share price weakness as the market recognizes the strength of the asset portfolio."
Persons:
Morgan Stanley, Snowflake, Jefferies, TD Cowen downgrades Macy's TD Cowen, Oliver Chen, Macy's, — Brian Evans, Brad Sills, Brian Evans, AutoNation Morgan Stanley, AutoNation, Morgan Stanley's, Mike Manley, Adam Jonas, Salesforce, Amy Weaver, Goldman Sachs, Kash Rangan, Bank of America's Brad Sills, Morgan Stanley downgrades Snowflake, Snowflake's, Frank Slootman, Keith Weiss, Matthew Murphy, Murphy, Fred Imbert
Organizations:
CNBC, Barrick, Mining, Bank of America, of America, TAM, Bank of America's, UBS, StreetAccount, Jefferies, Barrick Gold, Newmont, Newcrest
Locations:
Africa, East