Salesforce (NYSE:CRM) Price Target Lowered to $325.00 at Bank of America

Key Points

• Bank of America has lowered its price target on Salesforce (CRM) from $350 to $325, while maintaining a "buy" rating, indicating a potential upside of 33.25%.
• Other analysts have also adjusted their targets; for instance, UBS Group reduced its target to $260 and set a "neutral" rating, contrasting with JMP Securities which reaffirmed a target of $430.
• Despite these adjustments, Salesforce maintains a "Moderate Buy" consensus rating among analysts, with an average target price of $340.54.

Salesforce (NYSE:CRM - Get Free Report) had its price objective lowered by equities research analysts at Bank of America from $350.00 to $325.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the CRM provider's stock. Bank of America's price objective suggests a potential upside of 33.25% from the company's current price.

Other research analysts have also issued research reports about the company. UBS Group decreased their target price on Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a research report on Monday, August 18th. JMP Securities reissued a "market outperform" rating and issued a $430.00 target price on shares of Salesforce in a report on Friday, July 11th. DA Davidson raised Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price objective on the stock in a research report on Friday, August 15th. Mizuho lowered their price objective on Salesforce from $425.00 to $380.00 and set an "outperform" rating on the stock in a research report on Thursday, May 15th. Finally, Oppenheimer lowered their price objective on Salesforce from $370.00 to $315.00 and set an "outperform" rating on the stock in a research report on Tuesday. Four analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $340.54.

Salesforce Price Performance

NYSE:CRM traded down $3.96 during mid-day trading on Tuesday, reaching $243.91. The stock had a trading volume of 2,136,448 shares, compared to its average volume of 7,193,463. The firm has a 50 day moving average price of $258.06 and a two-hundred day moving average price of $270.96. The stock has a market capitalization of $233.18 billion, a P/E ratio of 38.17, a P/E/G ratio of 2.25 and a beta of 1.37. Salesforce has a one year low of $226.48 and a one year high of $369.00. 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 (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, topping the consensus estimate of $2.55 by $0.03. Salesforce had a return on equity of 12.94% and a net margin of 16.08%.The business had revenue of $9.83 billion for the quarter, compared to analyst estimates of $9.74 billion. During the same period last year, the company earned $2.44 EPS. Salesforce's revenue for the quarter was up 7.6% compared to the same quarter last year. 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, analysts expect that Salesforce will post 7.46 earnings per share for the current year.

Insider Buying and Selling at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total value of $578,295.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company's stock, valued at $3,061,511,978.42. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 54,827 shares of company stock valued at $14,085,446 over the last three months. Corporate insiders own 3.00% of the company's stock.

Institutional Trading of Salesforce

Institutional investors and hedge funds have recently bought and sold shares of the stock. AIA Group Ltd increased its holdings in Salesforce by 8.0% in the 1st quarter. AIA Group Ltd now owns 32,885 shares of the CRM provider's stock valued at $8,825,000 after acquiring an additional 2,436 shares during the last quarter. Notis McConarty Edward increased its holdings in Salesforce by 71.6% in the 1st quarter. Notis McConarty Edward now owns 3,844 shares of the CRM provider's stock valued at $1,032,000 after acquiring an additional 1,604 shares during the last quarter. Aberdeen Group plc increased its holdings in Salesforce by 1.5% in the 1st quarter. Aberdeen Group plc now owns 1,036,482 shares of the CRM provider's stock valued at $274,802,000 after acquiring an additional 15,782 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Salesforce by 43.0% in the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 104,834 shares of the CRM provider's stock worth $28,133,000 after buying an additional 31,537 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt grew its stake in shares of Salesforce by 121.9% in the 1st quarter. Alecta Tjanstepension Omsesidigt now owns 355,000 shares of the CRM provider's stock worth $95,222,000 after buying an additional 195,000 shares in the last quarter. 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.

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