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

Salesforce (NYSE:CRM) had its price objective decreased by equities researchers at Robert W. Baird from $365.00 to $325.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the CRM provider’s stock. Robert W. Baird’s target price suggests a potential upside of 29.79% from the company’s previous close.

CRM has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their target price on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a report on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $400.00 price target on shares of Salesforce in a report on Thursday. Barclays reduced their target price on Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. Citigroup reissued a “neutral” rating on shares of Salesforce in a research note on Thursday, August 28th. Finally, The Goldman Sachs Group upped their target price on Salesforce from $340.00 to $385.00 and gave the company a “buy” rating in a report on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus price target of $331.34.

Salesforce Stock Up 2.6%

NYSE:CRM opened at $250.40 on Thursday. Salesforce has a twelve month low of $226.48 and a twelve month high of $369.00. The company has a market cap of $239.39 billion, a price-to-earnings ratio of 36.40, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22. The stock has a fifty day simple moving average of $255.64 and a 200-day simple moving average of $267.08. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.34% and a net margin of 16.87%.The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Analysts anticipate that Salesforce will post 7.46 EPS for the current year.

Insider Buying and Selling at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $241.50, for a total transaction of $543,375.00. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,876,644,396.50. This trade represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 66,077 shares of company stock worth $16,885,773. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Salesforce

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new position in Salesforce during the 2nd quarter worth approximately $2,826,049,000. Nuveen LLC purchased a new position in Salesforce during the 1st quarter worth approximately $2,039,196,000. GAMMA Investing LLC grew its stake in Salesforce by 30,456.9% during the 1st quarter. GAMMA Investing LLC now owns 3,801,588 shares of the CRM provider’s stock worth $1,020,194,000 after buying an additional 3,789,147 shares during the last quarter. Laurel Wealth Advisors LLC grew its stake in Salesforce by 27,361.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,424,169 shares of the CRM provider’s stock worth $933,737,000 after buying an additional 3,411,700 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in Salesforce by 1,729.6% during the 2nd quarter. Acadian Asset Management LLC now owns 1,973,141 shares of the CRM provider’s stock worth $538,020,000 after buying an additional 1,865,297 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

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.