Salesforce (NYSE:CRM) Price Target Lowered to $215.00 at BMO Capital Markets

Salesforce (NYSE:CRM) had its target price lowered by investment analysts at BMO Capital Markets from $225.00 to $215.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the CRM provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 20.47% from the stock’s current price.

Several other brokerages have also commented on CRM. Sanford C. Bernstein decreased their price objective on shares of Salesforce from $223.00 to $194.00 and set an “underperform” rating on the stock in a report on Thursday, February 26th. Roth Mkm reiterated a “buy” rating on shares of Salesforce in a report on Thursday. Wedbush reissued an “outperform” rating and issued a $325.00 target price on shares of Salesforce in a research report on Thursday. JPMorgan Chase & Co. decreased their price target on Salesforce from $365.00 to $320.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Finally, Morgan Stanley dropped their price objective on Salesforce from $398.00 to $287.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $270.91.

Salesforce Stock Up 0.5%

Shares of NYSE:CRM opened at $178.46 on Thursday. The business has a 50-day moving average price of $181.23 and a 200 day moving average price of $211.16. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $146.02 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 1.25 and a beta of 1.14. Salesforce has a 12-month low of $163.52 and a 12-month high of $276.80.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.13 by $0.75. The company had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.05 billion. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. Salesforce’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.58 earnings per share. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Sell-side analysts expect that Salesforce will post 9.71 EPS for the current year.

Salesforce declared that its Board of Directors has approved a share buyback program on Monday, March 16th that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the CRM provider to purchase up to 14.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity at Salesforce

In other news, Director Laura Alber bought 2,571 shares of Salesforce stock in a transaction that occurred on Thursday, March 19th. The shares were purchased at an average price of $194.58 per share, with a total value of $500,265.18. Following the completion of the acquisition, the director directly owned 9,530 shares in the company, valued at $1,854,347.40. The trade was a 36.94% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Blair Kirk purchased 2,570 shares of the stock in a transaction on Wednesday, March 18th. The shares were purchased at an average price of $194.62 per share, with a total value of $500,173.40. Following the acquisition, the director directly owned 13,689 shares in the company, valued at $2,664,153.18. This represents a 23.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.50% of the stock is owned by company insiders.

Institutional Trading of Salesforce

A number of hedge funds and other institutional investors have recently bought and sold shares of CRM. Commonwealth Retirement Investments LLC acquired a new stake in shares of Salesforce during the 4th quarter worth about $25,000. Board of the Pension Protection Fund purchased a new position in Salesforce in the fourth quarter valued at approximately $26,000. Key Capital Management INC acquired a new stake in Salesforce during the fourth quarter worth approximately $26,000. Gilpin Wealth Management LLC acquired a new stake in Salesforce during the fourth quarter worth approximately $26,000. Finally, Legacy Bridge LLC purchased a new stake in shares of Salesforce during the 4th quarter worth approximately $27,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Piper Sandler reaffirmed its Overweight rating on Salesforce and set a $215 price target, implying meaningful upside from current levels. Benzinga
• Positive Sentiment: Salesforce announced an expanded collaboration with CVS Health to use Agentforce Health AI agents to improve call center service for millions of members and providers, highlighting new enterprise use cases for its AI platform. PR Newswire
• Positive Sentiment: In Q1, Salesforce reported $3.88 EPS and $11.13 billion in revenue, both above expectations, with revenue up 13% year over year and margins improving. Reuters
• Positive Sentiment: The company also lifted its FY2027 EPS guidance, signaling management still expects strong profitability even as investors question AI disruption risk. MarketBeat
• Neutral Sentiment: Analysts and media coverage remain focused on the key debate: whether Salesforce can maintain growth and monetize AI quickly enough to offset broader disruption concerns in enterprise software. CNBC
• Negative Sentiment: Despite the earnings beat, Salesforce’s near-term revenue outlook slightly missed Wall Street estimates, which is the main reason shares have been softer. Stocktwits

About Salesforce

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.