Robert W. Baird Has Lowered Expectations for Salesforce (NYSE:CRM) Stock Price

Salesforce (NYSE:CRM) had its price target lowered by analysts at Robert W. Baird from $365.00 to $325.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the CRM provider’s stock. Robert W. Baird’s target price would indicate a potential upside of 29.79% from the company’s current price.

A number of other brokerages also recently weighed in on CRM. Morgan Stanley upped their price target on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday. Barclays dropped their price target on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. Sanford C. Bernstein decreased their price objective on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research report on Thursday. JPMorgan Chase & Co. reduced their price target on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $325.00 price objective on shares of Salesforce in a research note on Thursday. 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $331.34.

Salesforce Stock Up 2.6%

Salesforce stock opened at $250.40 on Thursday. Salesforce has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The firm has a market capitalization of $239.39 billion, a PE ratio of 36.40, a P/E/G ratio of 2.21 and a beta of 1.22. The company’s 50-day moving average is $255.64 and its 200-day moving average is $267.08. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.07 and a quick ratio of 1.07.

Salesforce (NYSE:CRM) 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 16.87% and a return on equity of 13.34%. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the business earned $2.56 EPS. Salesforce’s quarterly revenue was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Sell-side analysts anticipate 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 Thursday, September 4th. The shares were sold at an average price of $241.50, for a total value of $543,375.00. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,876,644,396.50. This represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 66,077 shares of company stock valued at $16,885,773. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of Salesforce

A number of hedge funds and other institutional investors have recently modified their holdings of CRM. Vanguard Group Inc. grew its position in Salesforce by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 88,823,481 shares of the CRM provider’s stock valued at $24,221,275,000 after purchasing an additional 909,853 shares during the last quarter. State Street Corp lifted its stake in shares of Salesforce by 1.6% in the 2nd quarter. State Street Corp now owns 49,260,918 shares of the CRM provider’s stock worth $13,452,998,000 after purchasing an additional 776,300 shares during the period. Geode Capital Management LLC raised its stake in Salesforce by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 20,873,900 shares of the CRM provider’s stock worth $5,669,224,000 after acquiring an additional 114,504 shares during the period. Norges Bank bought a new stake in Salesforce during the 2nd quarter worth approximately $2,826,049,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Salesforce by 6.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock valued at $2,484,616,000 after buying an additional 600,386 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other 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.