Salesforce price target lowered to $275 from $300 at DA Davidson

DA Davidson analyst Gil Luria lowered the firm’s price target on Salesforce (CRM) to $275 from $300 and keeps a Neutral rating on the shares after its Q4 results and below-consensus guidance. The company continues to push Agentforce and data cloud adoption, but the management is assuming only modest contributions in FY26, which is in-line with the firm’s prior commentary, the analyst tells investors in a research note. The initial FY26 guide calls for 7%-8% revenue growth, down from 9% in FY25, as professional service and marketing/commerce cloud headwinds likely offset positive data cloud momentum and ramping AI tailwinds, the firm adds.