Salesforce (NYSE:CRM) Shares Down 1.5% – What’s Next?

Posted by Brian Himes on Jun 27th, 2026

Shares of Salesforce Inc. (NYSE:CRM – Get Free Report) dropped 1.5% on Thursday . The stock traded as low as $148.78 and last traded at $150.3940. 11,246,220 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 14,011,568 shares. The stock had previously closed at $152.76.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

Positive Sentiment: TD Cowen reiterated a Buy rating and a $240 price target on Salesforce, citing AI momentum and growth tied to Agentforce, which reinforces the bullish long-term case for the stock. TD Cowen Reaffirms Buy Rating on Salesforce (CRM) as AI Momentum and Agentforce Drive Growth
Positive Sentiment: Coverage of Salesforce’s Agentforce and broader AI strategy suggests the company is still seen as a serious player in enterprise AI, which may help offset fears that legacy software growth is slowing. Salesforce Agentforce: A Comprehensive Enterprise Cheat Sheet and Review
Neutral Sentiment: Several commentary pieces argue Salesforce has been overly sold off and may be undervalued after its post-earnings decline, but these are more valuation arguments than fresh catalysts. Salesforce: Taking Advantage Of The Market’s Misunderstanding Of Enterprise Software
Neutral Sentiment: Salesforce’s acquisition of m3ter to expand dynamic pricing tools adds to its AI CRM platform, but the immediate stock impact looks limited so far. Salesforce expands AI CRM with acquisition of m3ter for dynamic pricing
Negative Sentiment: One article notes Salesforce is still down sharply since its last earnings report, reminding investors that sentiment remains fragile despite the recent rebound. Salesforce (CRM) Down 14.8% Since Last Earnings Report: Can It Rebound?
Negative Sentiment: Another report says Salesforce is trying to defend its AI position with new tools for RIAs, but experts are raising concerns about cost, implementation, and benefits, which could limit enthusiasm. Salesforce tries to catch up on AI — and halt precipitous stock slide — with launch of ‘Agentic Advisor’ for RIAs

Analysts Set New Price Targets

CRM has been the subject of several research reports. The Goldman Sachs Group assumed coverage on Salesforce in a report on Thursday, June 18th. They set a “neutral” rating for the company. Daiwa Securities Group reduced their target price on shares of Salesforce from $295.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 2nd. Weiss Ratings downgraded shares of Salesforce from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. Wells Fargo & Company cut their price target on shares of Salesforce from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Thursday, May 28th. Finally, BMO Capital Markets reduced their price objective on shares of Salesforce from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $257.61.

Check Out Our Latest Stock Report on CRM

Salesforce Stock Performance

The stock’s 50-day moving average price is $175.56 and its 200 day moving average price is $201.20. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. The company has a market cap of $129.59 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 0.93 and a beta of 1.16.

Salesforce (NYSE:CRM – Get Free Report) last posted its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.13 by $0.75. The business had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. Salesforce’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business posted $2.58 EPS. 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, research analysts expect that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Thursday, June 11th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, June 11th. Salesforce’s payout ratio is currently 20.37%.

Salesforce declared that its board has authorized a stock repurchase program on Monday, March 16th that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the CRM provider to reacquire up to 14.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CRM. Pacer Advisors Inc. boosted its position in shares of Salesforce by 32.3% in the first quarter. Pacer Advisors Inc. now owns 1,991,616 shares of the CRM provider’s stock valued at $371,775,000 after acquiring an additional 486,403 shares during the period. Southern Financial Group LLC lifted its holdings in shares of Salesforce by 31.0% during the 1st quarter. Southern Financial Group LLC now owns 1,820 shares of the CRM provider’s stock worth $340,000 after acquiring an additional 431 shares during the period. Lombard Odier Asset Management Europe Ltd increased its stake in Salesforce by 18.1% in the first quarter. Lombard Odier Asset Management Europe Ltd now owns 40,959 shares of the CRM provider’s stock valued at $7,646,000 after acquiring an additional 6,289 shares during the period. FAS Wealth Partners Inc. raised its position in Salesforce by 35.0% in the first quarter. FAS Wealth Partners Inc. now owns 3,312 shares of the CRM provider’s stock worth $618,000 after purchasing an additional 859 shares in the last quarter. Finally, Positano Wealth Management Ltd lifted its stake in Salesforce by 234.5% during the first quarter. Positano Wealth Management Ltd now owns 42,146 shares of the CRM provider’s stock worth $7,867,000 after purchasing an additional 29,546 shares during the period. 80.43% of the stock is owned by institutional investors.

Salesforce Company Profile

(Get Free Report)

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.