Salesforce price target lowered to $375, removed from ‘top picks’ at BMO Capital

BMO Capital lowered the firm’s price target on Salesforce (CRM) to $375 from $425 and keeps an Outperform rating on the shares. The firm warns that the company could be among the Software names with initial FY26 guidance that disappoints investors, the analyst tells investors in a research note. BMO remains positive on Agentforce, but given the consumption-based nature of revenues, the management will include very little Agentforce impact in the initial FY26 revenue guidance, the firm adds, also removing the stock from its “Top Picks” list.