Royal Bank Of Canada Issues Pessimistic Forecast for Salesforce (NYSE:CRM) Stock Price

Salesforce (NYSE:CRM) had its target price dropped by equities research analysts at Royal Bank Of Canada from $275.00 to $250.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the CRM provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential downside of 0.16% from the stock’s current price.

CRM has been the topic of a number of other research reports. Wells Fargo & Company dropped their target price on Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Thursday. Erste Group Bank lowered Salesforce from a “buy” rating to a “hold” rating in a research report on Thursday, June 5th. UBS Group dropped their target price on Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a research report on Monday, August 18th. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 target price on shares of Salesforce in a research report on Thursday. Finally, Morgan Stanley upped their target price on Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $331.34.

Salesforce Price Performance

Shares of CRM 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 price-to-earnings ratio of 36.40, a PEG ratio of 2.21 and a beta of 1.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s 50-day simple moving average is $255.64 and its 200-day simple moving average is $267.08.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.34% and a net margin of 16.87%.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 previous year, the firm earned $2.56 earnings per share. The company’s 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. As a group, equities analysts forecast that Salesforce will post 7.46 earnings per share for the current fiscal year.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on 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 directly owned 11,911,571 shares of the company’s stock, valued at approximately $3,061,511,978.42. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 66,077 shares of company stock valued at $16,885,773 over the last three months. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CRM. Bernard Wealth Management Corp. acquired a new position in shares of Salesforce during the 4th quarter worth approximately $25,000. Painted Porch Advisors LLC raised its stake in shares of Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after buying an additional 65 shares during the period. Evolution Wealth Management Inc. acquired a new position in shares of Salesforce during the 2nd quarter worth approximately $27,000. Capital A Wealth Management LLC raised its stake in shares of Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after buying an additional 90 shares during the period. Finally, CBIZ Investment Advisory Services LLC raised its stake in shares of Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after buying an additional 85 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

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.