Citizens JMP lowered the firm’s price target on Salesforce (CRM) to $430 from $450 and keeps an Outperform rating on the shares. Salesforce reported mixed Q3 results, with a miss on revenue and the second time that Salesforce has missed on revenue in the last nineteen years, and “mostly disappointing” guidance, reflecting “some contribution from Agentforce… offset by weakness in Marketing and Commerce and slower growth in our exploration base in FY26,” the analyst tells investors in a research note. The firm continues to view Salesforce as an attractive opportunity for long-term capital appreciation even though Salesforce has seen its growth slow significantly and now expects just 7% growth in the first quarter.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRM:
- Salesforce’s Promising Future: Strong Financial Performance and Strategic Growth Initiatives Justify Buy Rating
- Stifel trims Salesforce price target, calls after-hours pullback ‘overreaction’
- Salesforce price target lowered to $400 from $430 at Baird
- Salesforce price target lowered to $380 from $415 at Oppenheimer
- Salesforce price target lowered to $243 from $286 at Bernstein