Barclays Lowers Salesforce (NYSE:CRM) Price Target to $236.00

Salesforce (NYSE:CRM) had its target price dropped by research analysts at Barclays from $252.00 to $236.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the CRM provider’s stock. Barclays‘s price objective would suggest a potential upside of 32.42% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Truist Financial set a $280.00 price objective on Salesforce in a research report on Thursday, February 26th. Stifel Nicolaus lowered their price objective on Salesforce from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. JPMorgan Chase & Co. lowered their price objective on Salesforce from $365.00 to $320.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Citizens Jmp reiterated a “market outperform” rating and issued a $315.00 price objective on shares of Salesforce in a research report on Thursday. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $281.00 price objective on shares of Salesforce in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Salesforce has an average rating of “Moderate Buy” and an average price target of $262.62.

Salesforce Stock Performance

Shares of NYSE:CRM traded up $0.71 during trading on Thursday, hitting $178.22. 9,420,389 shares of the company were exchanged, compared to its average volume of 12,895,045. The company has a market cap of $145.82 billion, a PE ratio of 22.92, a P/E/G ratio of 1.25 and a beta of 1.14. The stock has a 50 day moving average of $181.23 and a 200 day moving average of $211.16. Salesforce has a 52-week low of $163.52 and a 52-week high of $276.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76.

Salesforce (NYSE:CRM) last posted its earnings results 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 firm had revenue of $11.13 billion for 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 quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business 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, equities research analysts predict that Salesforce will post 9.71 EPS for the current year.

Salesforce announced that its board has authorized a share buyback plan on Monday, March 16th that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the CRM provider to reacquire up to 14.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Salesforce

In other news, Director David Blair Kirk purchased 2,570 shares of the stock in a transaction on Wednesday, March 18th. The shares were acquired at an average price of $194.62 per share, for a total transaction of $500,173.40. Following the completion of the transaction, the director directly owned 13,689 shares of the company’s stock, valued at approximately $2,664,153.18. This trade represents a 23.11% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Laura Alber purchased 2,571 shares of the stock in a transaction on Thursday, March 19th. The shares were purchased at an average price of $194.58 per share, for a total transaction of $500,265.18. Following the transaction, the director directly owned 9,530 shares of the company’s stock, valued at approximately $1,854,347.40. This represents a 36.94% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CRM. Commonwealth Retirement Investments LLC bought a new position in shares of Salesforce during the fourth quarter valued at about $25,000. Board of the Pension Protection Fund bought a new position in shares of Salesforce during the fourth quarter valued at about $26,000. Key Capital Management INC bought a new position in shares of Salesforce during the fourth quarter valued at about $26,000. Gilpin Wealth Management LLC bought a new position in shares of Salesforce during the fourth quarter valued at about $26,000. Finally, Legacy Bridge LLC bought a new position in shares of Salesforce during the fourth quarter valued at about $27,000. 80.43% of the stock is owned by institutional investors.

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

Salesforce Company Profile

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.