Royal Bank Of Canada Has Lowered Expectations for Salesforce (NYSE:CRM) Stock Price

Salesforce (NYSE:CRM) had its price target reduced by research analysts at Royal Bank Of Canada from $275.00 to $250.00 in a report issued 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 indicates a potential downside of 0.16% from the company’s current price.

Several other analysts have also recently commented on CRM. BMO Capital Markets dropped their price target on Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday. Westpark Capital reiterated a “buy” rating and set a $320.00 price target on shares of Salesforce in a research report on Wednesday, May 28th. Wells Fargo & Company dropped their price target on Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a research report on Thursday. KeyCorp dropped their price target on Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, DA Davidson upgraded Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price target for the company in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $331.34.

Salesforce Stock Up 2.6%

Shares of CRM opened at $250.40 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. Salesforce has a one year low of $226.48 and a one year high of $369.00. The stock 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 stock has a 50 day moving average price of $255.64 and a 200 day moving average price of $267.08.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.34% and a net margin of 16.87%.The firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the business earned $2.56 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that Salesforce will post 7.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total transaction of $578,295.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,061,511,978.42. This represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 66,077 shares of company stock worth $16,885,773. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Salesforce

A number of hedge funds have recently modified their holdings of CRM. Bernard Wealth Management Corp. purchased a new position in shares of Salesforce during the 4th quarter worth $25,000. Painted Porch Advisors LLC grew its holdings 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 purchasing an additional 65 shares during the period. Evolution Wealth Management Inc. purchased a new position in shares of Salesforce during the 2nd quarter worth $27,000. Capital A Wealth Management LLC grew its holdings 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 purchasing an additional 90 shares during the period. Finally, CBIZ Investment Advisory Services LLC grew its holdings 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 purchasing an additional 85 shares during the period. 80.43% of the stock is currently 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.