DA Davidson Cuts Salesforce (NYSE:CRM) Price Target to $175.00

Salesforce (NYSE:CRM) had its price target reduced by investment analysts at DA Davidson from $200.00 to $175.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the CRM provider’s stock. DA Davidson’s price target points to a potential downside of 1.86% from the company’s current price.

A number of other analysts have also recently weighed in on the company. TD Cowen reissued a “buy” rating on shares of Salesforce in a research report on Friday, May 22nd. Roth Mkm reissued a “buy” rating and issued a $325.00 price target on shares of Salesforce in a report on Thursday. Wells Fargo & Company cut their price objective on shares of Salesforce from $235.00 to $210.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. KeyCorp reaffirmed an “overweight” rating and issued a $290.00 price objective (down from $300.00) on shares of Salesforce in a research report on Thursday. Finally, Wedbush reissued an “outperform” rating and set a $325.00 target price on shares of Salesforce in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $266.76.

Salesforce Stock Up 0.5%

Shares of Salesforce stock traded up $0.80 on Thursday, reaching $178.31. The stock had a trading volume of 7,799,003 shares, compared to its average volume of 12,873,628. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $145.90 billion, a P/E ratio of 22.99, a P/E/G ratio of 1.25 and a beta of 1.14. The company has a 50 day moving average price of $181.23 and a 200 day moving average price of $211.16. Salesforce has a 1 year low of $163.52 and a 1 year high of $276.80.

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

Salesforce announced that its Board of Directors has approved a stock repurchase plan on Monday, March 16th that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the CRM provider to purchase up to 14.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director David Blair Kirk purchased 2,570 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were bought at an average cost of $194.62 per share, with a total value of $500,173.40. Following the transaction, the director owned 13,689 shares of the company’s stock, valued at approximately $2,664,153.18. This trade represents a 23.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Laura Alber acquired 2,571 shares of Salesforce stock in a transaction on Thursday, March 19th. The shares were bought at an average price of $194.58 per share, with a total value of $500,265.18. Following the purchase, the director directly owned 9,530 shares in the company, valued at approximately $1,854,347.40. The trade was a 36.94% increase in their position. The SEC filing for this purchase provides additional information. 3.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Allen Capital Group LLC increased its holdings in shares of Salesforce by 58.7% during the 1st quarter. Allen Capital Group LLC now owns 1,241 shares of the CRM provider’s stock valued at $232,000 after purchasing an additional 459 shares in the last quarter. Axiom Investment Management LLC purchased a new stake in Salesforce during the first quarter worth $192,000. Summitry LLC grew its position in Salesforce by 4.1% during the first quarter. Summitry LLC now owns 223,478 shares of the CRM provider’s stock valued at $41,717,000 after buying an additional 8,815 shares during the period. Segall Bryant & Hamill LLC purchased a new position in Salesforce in the first quarter valued at $1,907,000. Finally, Verus Capital Partners LLC raised its position in shares of Salesforce by 45.4% in the first quarter. Verus Capital Partners LLC now owns 2,154 shares of the CRM provider’s stock worth $402,000 after acquiring an additional 673 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce News Roundup

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

Salesforce Company Profile

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.