Shares of Salesforce Inc. (NYSE:CRM – Get Free Report) traded down 3.1% during trading on Wednesday after Citigroup lowered their price target on the stock from $200.00 to $188.00. Citigroup currently has a neutral rating on the stock. Salesforce traded as low as $164.75 and last traded at $165.9590. 10,819,240 shares were traded during mid-day trading, a decline of 16% from the average session volume of 12,868,646 shares. The stock had previously closed at $171.31.
Several other analysts have also commented on CRM. Wall Street Zen lowered shares of Salesforce from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Truist Financial set a $280.00 price target on shares of Salesforce in a research report on Thursday, February 26th. UBS Group lowered their price target on shares of Salesforce from $260.00 to $200.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. DA Davidson lowered their price target on shares of Salesforce from $235.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Finally, Northland Securities lowered their price target on shares of Salesforce from $267.00 to $229.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and an average target price of $278.82.
Check Out Our Latest Stock Analysis on Salesforce
Insider Activity at Salesforce
Key Headlines Impacting Salesforce
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment: Salesforce continues to draw supportive long-term views from analysts, with brokerages maintaining an average “Moderate Buy” rating, which signals ongoing confidence in the company’s growth profile. Salesforce Inc. (NYSE:CRM) Given Average Rating of “Moderate Buy” by Brokerages
- Positive Sentiment: Salesforce’s strong cash generation remains a key bullish point, with fiscal 2026 free cash flow of $14.4 billion helping fund shareholder returns and AI investments such as Agentforce and Data 360. Salesforce Generates Strong Cash Flow: Can It Boost Shareholder Value?
- Neutral Sentiment: Citigroup lowered its price target on Salesforce to $188 from $200 while keeping a neutral rating, which points to tempered upside expectations rather than a fundamentally negative outlook. Salesforce (NYSE:CRM) Given New $188.00 Price Target at Citigroup
- Neutral Sentiment: Wells Fargo also reiterated a Hold rating, adding to the mixed analyst tone around the stock. Wells Fargo Sticks to Its Hold Rating for Salesforce (CRM)
- Negative Sentiment: Recent market articles note that Salesforce (CRM) has been dipping more than the broader market, indicating investors have been selling the stock faster than the overall index amid the latest weakness. Salesforce (CRM) Dips More Than Broader Market: What You Should Know
Hedge Funds Weigh In On Salesforce
Several hedge funds have recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after buying an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after buying an additional 205 shares during the last quarter. Bison Wealth LLC increased its holdings in shares of Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after buying an additional 184 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Salesforce by 3.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider’s stock worth $807,000 after buying an additional 106 shares during the last quarter. Finally, United Bank increased its holdings in shares of Salesforce by 5.2% in the 2nd quarter. United Bank now owns 10,198 shares of the CRM provider’s stock worth $2,781,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.
Salesforce Stock Down 3.1%
The stock’s fifty day moving average price is $185.67 and its 200 day moving average price is $217.19. The stock has a market cap of $135.79 billion, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18.
Salesforce (NYSE:CRM – Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The CRM provider reported $3.81 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.76. The firm had revenue of $11.20 billion for the quarter, compared to analyst estimates of $11.18 billion. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.78 EPS. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. As a group, research analysts forecast that Salesforce Inc. will post 9.71 earnings per share for the current fiscal year.
Salesforce Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Thursday, April 9th were paid a $0.44 dividend. This is a positive change from Salesforce’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. Salesforce’s dividend payout ratio is currently 22.54%.
Salesforce announced that its Board of Directors has initiated a share buyback plan on Monday, March 16th that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the CRM provider to reacquire up to 14.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
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.
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