Citigroup Has Lowered Expectations for Salesforce (NYSE:CRM) Stock Price

Salesforce (NYSE:CRM) had its target price cut by research analysts at Citigroup from $200.00 to $188.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the CRM provider’s stock. Citigroup’s target price points to a potential upside of 13.28% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Oppenheimer cut their price target on shares of Salesforce from $275.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Salesforce in a research report on Thursday, February 26th. DA Davidson decreased their price objective on shares of Salesforce from $235.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Wall Street Zen cut shares of Salesforce from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Finally, Jefferies Financial Group decreased their price objective on shares of Salesforce from $375.00 to $250.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $278.82.

Salesforce Price Performance

Shares of NYSE:CRM opened at $165.96 on Tuesday. The firm has a market cap of $135.79 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14. The firm’s fifty day moving average is $185.13 and its 200-day moving average is $216.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. Salesforce has a 52 week low of $163.52 and a 52 week high of $296.05.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, February 25th. The CRM provider reported $3.81 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.76. The company had revenue of $11.20 billion for the quarter, compared to analyst estimates of $11.18 billion. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. Salesforce’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.78 earnings per share. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. Sell-side analysts predict that Salesforce will post 9.71 earnings per share for the current year.

Salesforce announced that its board has authorized a stock repurchase plan on Monday, March 16th that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes the CRM provider to purchase up to 14.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Salesforce

In other Salesforce news, Director David Blair Kirk acquired 2,570 shares of Salesforce stock in a transaction dated Wednesday, March 18th. The stock was purchased at an average cost of $194.62 per share, for a total transaction of $500,173.40. Following the completion of the acquisition, the director directly owned 13,689 shares of the company’s stock, valued at $2,664,153.18. This represents a 23.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Laura Alber acquired 2,571 shares of Salesforce stock in a transaction dated Thursday, March 19th. The shares were acquired at an average price of $194.58 per share, with a total value of $500,265.18. Following the completion of the acquisition, the director directly owned 9,530 shares of the company’s stock, valued at approximately $1,854,347.40. The trade was a 36.94% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Commonwealth Retirement Investments LLC bought a new position in shares of Salesforce during the fourth quarter valued at about $25,000. Board of the Pension Protection Fund bought a new position in shares of Salesforce during the fourth quarter valued at about $26,000. Key Capital Management INC bought a new position in shares of Salesforce during the fourth quarter valued at about $26,000. Gilpin Wealth Management LLC bought a new position in shares of Salesforce during the fourth quarter valued at about $26,000. Finally, Legacy Bridge LLC bought a new position in shares of Salesforce during the fourth quarter valued at about $27,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce’s strong free cash flow remains a key support for the stock, with roughly $14.4 billion generated in fiscal 2026 and substantial capital available for shareholder returns and AI initiatives such as Agentforce and Data 360.
• Positive Sentiment: Brokerage sentiment remains constructive overall, with analysts assigning Salesforce an average rating of “Moderate Buy,” which can help offset some near-term weakness.
• Neutral Sentiment: Citigroup cut its price target on Salesforce to $188 from $200 while keeping a neutral rating, signaling tempered expectations rather than a major deterioration in the company’s outlook. Salesforce (NYSE:CRM) Given New $188.00 Price Target at Citigroup
• Neutral Sentiment: Wells Fargo reiterated its hold rating on Salesforce, reinforcing the view that analysts see the stock as fairly valued after recent gains. Wells Fargo Sticks to Its Hold Rating for Salesforce (CRM)
• Negative Sentiment: Salesforce has been slipping more than the broader market in recent sessions, reflecting investor caution and some profit-taking after the stock’s recent rally. Salesforce (CRM) Dips More Than Broader Market: What You Should Know

Salesforce Company Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.