Salesforce (NYSE:CRM) Price Target Cut to $365.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reduced its target price for Salesforce stock from $380.00 to $365.00, while maintaining an "overweight" rating, suggesting a potential upside of 42.09% from its current price.
• Salesforce reported earnings of $2.91 per share in its latest quarter, exceeding estimates, with revenues of $10.24 billion, indicating a year-over-year revenue growth of 9.8%.
• Salesforce currently holds a consensus rating of "Moderate Buy" among analysts, with an average price target of $336.21 from numerous brokerages.

Salesforce (NYSE:CRM - Free Report) had its target price lowered by JPMorgan Chase & Co. from $380.00 to $365.00 in a research report report published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the CRM provider's stock.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity Group cut their target price on shares of Salesforce from $350.00 to $300.00 and set a "buy" rating for the company in a research report on Thursday. Piper Sandler increased their price target on shares of Salesforce from $315.00 to $335.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Erste Group Bank downgraded shares of Salesforce from a "buy" rating to a "hold" rating in a report on Thursday, June 5th. The Goldman Sachs Group increased their price target on shares of Salesforce from $340.00 to $385.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Finally, UBS Group lowered their price target on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating on the stock in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Salesforce has an average rating of "Moderate Buy" and an average target price of $331.34.

Salesforce Stock Performance

NYSE:CRM traded up $6.39 on Thursday, reaching $250.40. 13,010,920 shares of the company's stock were exchanged, compared to its average volume of 9,763,446. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $239.39 billion, a price-to-earnings ratio of 36.40, a P/E/G ratio of 2.21 and a beta of 1.22. Salesforce has a 52 week low of $226.48 and a 52 week high of $369.00. The stock has a fifty day simple moving average of $255.64 and a 200-day simple moving average of $267.08.

Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.34%. The company's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business earned $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, sell-side analysts predict that Salesforce will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be 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 is Wednesday, September 17th. Salesforce's dividend payout ratio (DPR) is presently 25.98%.

Insider Buying and Selling

In other Salesforce 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 transaction of $578,295.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 66,077 shares of company stock worth $16,885,773 in the last quarter. 3.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Bernard Wealth Management Corp. purchased a new position in shares of Salesforce in the fourth quarter worth $25,000. Painted Porch Advisors LLC increased 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. Evolution Wealth Management Inc. purchased a new position in shares of Salesforce in the second quarter worth $27,000. Capital A Wealth Management LLC increased its stake in shares of Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after buying an additional 90 shares during the period. Finally, CBIZ Investment Advisory Services LLC increased its position 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 purchasing an additional 85 shares during the period. 80.43% of the stock is currently owned by institutional investors.

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.