Barclays Issues Pessimistic Forecast for Salesforce (NYSE:CRM) Stock Price

Key Points

• Barclays has reduced its price target for Salesforce (NYSE:CRM) from $347.00 to $316.00, maintaining an "overweight" rating, which suggests a potential upside of 31.04% from the stock's last close.
• Salesforce's current consensus rating is "Moderate Buy" with a price target averaging $346.68, following several other recent analyst ratings and price adjustments.
• The company's stock has seen significant trading activity, with a recent price of $241.14 and a 12-month high of $369.00, indicating potential volatility in its performance.

Salesforce (NYSE:CRM - Free Report) had its price target trimmed by Barclays from $347.00 to $316.00 in a report published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the CRM provider's stock.

CRM has been the topic of a number of other research reports. Westpark Capital restated a "buy" rating and issued a $320.00 target price on shares of Salesforce in a report on Wednesday, May 28th. Cantor Fitzgerald cut Salesforce from an "overweight" rating to a "cautious" rating in a report on Thursday, July 10th. Needham & Company LLC restated a "buy" rating and set a $400.00 price objective on shares of Salesforce in a research report on Wednesday, May 28th. Canaccord Genuity Group lowered their target price on Salesforce from $400.00 to $350.00 and set a "buy" rating for the company in a report on Wednesday, May 28th. Finally, Mizuho lowered their price target on shares of Salesforce from $425.00 to $380.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $342.89.

Salesforce Stock Performance

CRM stock traded up $1.8320 during midday trading on Monday, hitting $247.6620. 3,923,039 shares of the company traded hands, compared to its average volume of 7,221,050. Salesforce has a twelve month low of $226.48 and a twelve month high of $369.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $236.76 billion, a price-to-earnings ratio of 38.77, a price-to-earnings-growth ratio of 2.24 and a beta of 1.37. The business has a 50 day simple moving average of $258.58 and a 200-day simple moving average of $273.10.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.03. The business had revenue of $9.83 billion for the quarter, compared to analysts' expectations of $9.74 billion. Salesforce had a return on equity of 12.94% and a net margin of 16.08%.The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.44 earnings per share. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. As a group, equities research analysts predict that Salesforce will post 7.46 earnings per share for the current year.

Salesforce Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were issued a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, June 18th. Salesforce's payout ratio is 25.98%.

Insider Transactions at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total value of $578,295.00. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,061,511,978.42. This trade represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 52,577 shares of company stock worth $13,528,188. Corporate insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bernard Wealth Management Corp. bought a new stake in Salesforce during the fourth quarter worth $25,000. Painted Porch Advisors LLC raised its stake in shares of Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock worth $25,000 after buying an additional 65 shares during the period. Accredited Wealth Management LLC purchased a new position in Salesforce during the 4th quarter valued at approximately $27,000. Capital A Wealth Management LLC increased its position in shares of Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 90 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after acquiring an additional 85 shares during the period. 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.