Robert W. Baird Cuts Salesforce (NYSE:CRM) Price Target to $325.00

Key Points

• Robert W. Baird has reduced its price target for Salesforce (NYSE:CRM) from $365.00 to $325.00, while maintaining an "outperform" rating on the stock.
• Salesforce's shares have seen a decline, trading down to $242.11 recently, and the company reported a quarterly earnings beat with $2.91 EPS against an expectation of $2.78.
• Overall, analysts have mixed views on Salesforce with varying ratings; while one analyst has a Strong Buy rating, 25 have rated it as Buy, and one has rated it as Sell.

Salesforce (NYSE:CRM - Get Free Report) had its price objective lowered by analysts at Robert W. Baird from $365.00 to $325.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the CRM provider's stock. Robert W. Baird's price target points to a potential upside of 34.23% from the company's previous close.

A number of other brokerages have also commented on CRM. JMP Securities reaffirmed a "market outperform" rating and set a $430.00 target price on shares of Salesforce in a research report on Tuesday. Sanford C. Bernstein reaffirmed an "underperform" rating on shares of Salesforce in a report on Thursday. Erste Group Bank downgraded shares of Salesforce from a "buy" rating to a "hold" rating in a research report on Thursday, June 5th. KeyCorp lowered their price objective on Salesforce from $440.00 to $400.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Bank of America cut their price objective on shares of Salesforce from $350.00 to $325.00 and set a "buy" rating for the company in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $332.31.

Salesforce Price Performance

Shares of CRM traded down $14.34 during midday trading on Thursday, hitting $242.11. 17,385,137 shares of the company traded hands, compared to its average volume of 7,366,106. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. Salesforce has a 52 week low of $226.48 and a 52 week high of $369.00. The firm has a 50 day moving average of $256.61 and a 200-day moving average of $268.18. The stock has a market cap of $231.46 billion, a price-to-earnings ratio of 37.84, a PEG ratio of 2.33 and a beta of 1.22.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the firm earned $2.56 EPS. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, analysts forecast that Salesforce will post 7.46 EPS for the current fiscal year.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction dated 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. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 63,827 shares of company stock worth $16,342,398 in the last quarter. Insiders own 3.00% of the company's stock.

Institutional Trading of Salesforce

Institutional investors and hedge funds have recently modified their holdings of the business. Bernard Wealth Management Corp. acquired a new position in Salesforce during the fourth quarter worth approximately $25,000. Painted Porch Advisors LLC raised its position in shares of Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Evolution Wealth Management Inc. bought a new position in Salesforce during the 2nd quarter valued at $27,000. Capital A Wealth Management LLC boosted its stake in 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 acquiring an additional 90 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after buying an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company's stock.

Salesforce Company Profile

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.

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