Salesforce (NYSE:CRM) Given New $253.00 Price Target at Citigroup

Salesforce (NYSE:CRM) had its price objective reduced by Citigroup from $276.00 to $253.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the CRM provider’s stock.

Several other equities analysts also recently commented on CRM. Mizuho lowered their price objective on shares of Salesforce from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Monday, November 17th. Wall Street Zen lowered Salesforce from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Macquarie reiterated a “neutral” rating and issued a $250.00 price objective on shares of Salesforce in a research report on Thursday, October 16th. Morgan Stanley upped their target price on Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 price target on shares of Salesforce in a research note on Thursday, October 16th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and an average price target of $322.86.

Salesforce Stock Performance

NYSE:CRM opened at $228.27 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce has a fifty-two week low of $221.96 and a fifty-two week high of $369.00. The firm has a market cap of $217.31 billion, a PE ratio of 33.18, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. The business has a 50 day moving average price of $244.10 and a 200-day moving average price of $255.09.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm earned $2.56 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Equities research analysts predict that Salesforce will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were given a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is 24.13%.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 122 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $259.00, for a total value of $31,598.00. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,085,096,889. This represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 56,372 shares of company stock worth $13,941,863 over the last 90 days. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Coign Capital Advisors LLC raised its position in shares of Salesforce by 1.7% in the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock worth $586,000 after purchasing an additional 37 shares during the last quarter. Staley Capital Advisers Inc. increased its position in shares of Salesforce by 1.1% during the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock valued at $897,000 after acquiring an additional 38 shares in the last quarter. KDT Advisors LLC raised its holdings in Salesforce by 4.1% in the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after acquiring an additional 38 shares during the last quarter. Scott & Selber Inc. lifted its position in Salesforce by 0.7% in the 2nd quarter. Scott & Selber Inc. now owns 5,850 shares of the CRM provider’s stock valued at $1,595,000 after acquiring an additional 39 shares in the last quarter. Finally, Hanson & Doremus Investment Management boosted its stake in Salesforce by 6.9% during the 2nd quarter. Hanson & Doremus Investment Management now owns 607 shares of the CRM provider’s stock valued at $166,000 after purchasing an additional 39 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

About Salesforce

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.