Salesforce (NYSE:CRM) Price Target Lowered to $200.00 at Wells Fargo & Company

Salesforce (NYSE:CRM) had its target price cut by research analysts at Wells Fargo & Company from $210.00 to $200.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the CRM provider’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 11.73% from the company’s current price.

Other research analysts have also issued reports about the company. Morgan Stanley lowered their target price on Salesforce from $398.00 to $287.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Barclays cut their price objective on Salesforce from $265.00 to $252.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. JPMorgan Chase & Co. cut their price objective on Salesforce from $365.00 to $320.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. The Goldman Sachs Group reiterated a “buy” rating and issued a $281.00 target price on shares of Salesforce in a report on Thursday, February 26th. Finally, KeyCorp cut their target price on shares of Salesforce from $300.00 to $290.00 and set an “overweight” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $263.09.

Salesforce Stock Performance

Shares of Salesforce stock traded up $1.49 during trading on Thursday, hitting $179.00. 8,991,961 shares of the stock were exchanged, compared to its average volume of 12,893,763. The stock’s fifty day moving average is $181.23 and its 200 day moving average is $211.16. The stock has a market cap of $146.46 billion, a PE ratio of 22.98, a P/E/G ratio of 1.25 and a beta of 1.14. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. Salesforce has a 12 month low of $163.52 and a 12 month high of $276.80.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.75. The business had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.05 billion. Salesforce had a return on equity of 15.38% and a net margin of 17.96%.The business’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, sell-side analysts anticipate that Salesforce will post 9.71 EPS for the current year.

Salesforce declared that its board has authorized a stock repurchase program on Monday, March 16th that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the CRM provider to reacquire up to 14.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Laura Alber acquired 2,571 shares of the stock in a transaction dated Thursday, March 19th. The shares were acquired at an average price of $194.58 per share, for a total transaction of $500,265.18. Following the completion of the purchase, the director 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Blair Kirk bought 2,570 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were bought at an average price of $194.62 per share, with a total value of $500,173.40. Following the completion of the purchase, the director owned 13,689 shares in the company, valued at approximately $2,664,153.18. The trade was a 23.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 3.50% of the company’s stock.

Institutional Trading of Salesforce

A number of hedge funds have recently modified their holdings of the company. Commonwealth Retirement Investments LLC bought a new stake in Salesforce during the 4th quarter worth about $25,000. Board of the Pension Protection Fund acquired a new position in Salesforce during the 4th quarter worth $26,000. Key Capital Management INC acquired a new position in Salesforce during the 4th quarter worth $26,000. Gilpin Wealth Management LLC bought a new position in Salesforce in the 4th quarter valued at $26,000. Finally, Legacy Bridge LLC acquired a new stake in shares of Salesforce in the 4th quarter valued at $27,000. Institutional investors own 80.43% of the company’s stock.

Trending Headlines about 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.