DA Davidson Cuts Salesforce (NYSE:CRM) Price Target to $275.00

Salesforce (NYSE:CRM) had its price objective decreased by DA Davidson from $300.00 to $275.00 in a research note issued to investors on Thursday,Benzinga reports. DA Davidson currently has a neutral rating on the CRM provider’s stock. DA Davidson also issued estimates for Salesforce’s Q1 2026 earnings at $1.86 EPS.

Several other brokerages also recently issued reports on CRM. Canaccord Genuity Group lifted their price objective on Salesforce from $315.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Macquarie dropped their target price on Salesforce from $370.00 to $320.00 and set a “neutral” rating for the company in a research report on Thursday. Northland Securities restated an “outperform” rating and set a $440.00 target price (up previously from $400.00) on shares of Salesforce in a research report on Wednesday, December 4th. TD Cowen upgraded Salesforce from a “hold” rating to a “buy” rating and boosted their target price for the stock from $380.00 to $400.00 in a research report on Friday, January 17th. Finally, Robert W. Baird dropped their target price on Salesforce from $430.00 to $400.00 and set an “outperform” rating for the company in a research report on Thursday. Two analysts have rated the stock with a sell rating, five have issued a hold rating, thirty-two have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $365.32.

Salesforce Trading Up 0.9 %

Shares of CRM opened at $297.63 on Thursday. The stock has a fifty day moving average price of $329.11 and a two-hundred day moving average price of $307.58. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. Salesforce has a 52-week low of $212.00 and a 52-week high of $369.00. The company has a market cap of $284.83 billion, a price-to-earnings ratio of 48.95, a PEG ratio of 2.58 and a beta of 1.31.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.03). Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The business had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.35 billion. During the same quarter in the previous year, the firm posted $1.62 EPS. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. Analysts predict that Salesforce will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.60 annualized dividend and a dividend yield of 0.54%. Salesforce’s dividend payout ratio is currently 25.16%.

Insider Transactions at Salesforce

In other news, insider Parker Harris sold 942 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $339.78, for a total transaction of $320,072.76. Following the completion of the transaction, the insider now directly owns 120,333 shares of the company’s stock, valued at $40,886,746.74. This represents a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sundeep G. Reddy sold 436 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total value of $144,874.08. Following the sale, the chief accounting officer now owns 7,057 shares in the company, valued at $2,344,899.96. The trade was a 5.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,102,572 shares of company stock valued at $381,283,706 over the last three months. Company insiders own 3.20% of the company’s stock.

Institutional Trading of Salesforce

Several institutional investors and hedge funds have recently bought and sold shares of CRM. Norges Bank bought a new stake in Salesforce during the fourth quarter worth about $3,599,867,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Salesforce by 926.4% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,256,211 shares of the CRM provider’s stock worth $1,422,979,000 after acquiring an additional 3,841,521 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Salesforce during the fourth quarter worth about $1,173,564,000. Veritas Asset Management LLP bought a new stake in Salesforce in the third quarter valued at approximately $733,805,000. Finally, Invesco Ltd. raised its stake in Salesforce by 42.5% in the fourth quarter. Invesco Ltd. now owns 7,791,015 shares of the CRM provider’s stock valued at $2,604,770,000 after buying an additional 2,325,156 shares during the period. Institutional investors own 80.43% of the company’s stock.

Salesforce Company Profile

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.