Salesforce Stock Faces Near-Term Reality Check as Top Analyst Lowers Price Target

Salesforce (CRM) stock has seen a price target reduction to $335 from $350 by BMO Capital analyst Keith Bachman, despite maintaining a Buy rating. The analyst notes a "lack of near-term catalysts" but remains optimistic about the company's AI strategy. Salesforce is betting big on AI, with its Agentforce platform and Data Cloud processing 250 trillion transactions weekly to give businesses quick insights. The stock has a Moderate Buy consensus rating and an average price target of $346.38, implying a 30.26% upside potential.

Salesforce (CRM) stock has seen a price target reduction to $335 from $350 by BMO Capital analyst Keith Bachman, despite maintaining a Buy rating. The analyst notes a "lack of near-term catalysts" but remains optimistic about the company's AI strategy. Salesforce is betting big on AI, with its Agentforce platform and Data Cloud processing 250 trillion transactions weekly to give businesses quick insights. The stock has a Moderate Buy consensus rating and an average price target of $346.38, implying a 30.26% upside potential [1].

The price target adjustment reflects current market conditions and expectations for Salesforce's growth trajectory. Despite the reduction, the stock continues to hold an 'Outperform' rating, indicating optimism about the company's future performance. Investors are advised to take these changes into account when considering their positions in Salesforce (CRM, Financial) [2].

Salesforce reported strong Q1 fiscal 2026 revenue of $9.83 billion, up 8% year over year, and raised its fiscal year 2026 revenue guidance by $400 million to $41.3 billion at the high end. The company achieved a non-GAAP operating margin of 32.3% in the quarter and a dividend payout increase of 4% in Q1. However, there are concerns about the timing of when Agentforce and Data Cloud will significantly drive overall growth acceleration and the integration of Informatica is expected to take time [3].

Salesforce Help recently crossed a major milestone: over 1 million support requests handled by Agentforce, showcasing the platform's efficiency and scalability. Agentforce now resolves more than 85% of support requests autonomously, allowing the support team to focus on more complex tasks [4].

Other analysts have also revised their price targets for Salesforce. Citigroup dropped their price target on shares of Salesforce from $320.00 to $295.00 and set a "neutral" rating for the company. Sanford C. Bernstein lifted their price target on shares of Salesforce from $243.00 to $255.00 and gave the stock an "underperform" rating. DA Davidson reaffirmed an "underperform" rating and set a $200.00 price target on shares of Salesforce [5].

References:
[1] https://www.gurufocus.com/news/2970424/salesforce-crm-target-price-lowered-by-bmo-capital-crm-stock-news
[2] https://www.gurufocus.com/news/2969293/salesforce-crm-price-target-trimmed-by-bmo-capitals-analyst-crm-stock-news
[3] https://www.salesforce.com/agentforce/use-cases/customer-zero/
[4] https://www.marketbeat.com/instant-alerts/salesforce-nysecrm-price-target-lowered-to-33500-at-bmo-capital-markets-2025-07-10/