Baird Cuts PT on Salesforce, Inc. (CRM) to $250 From $315 – Here’s Why

Salesforce, Inc. (NYSE:CRM) is one of the best cheap blue chip stocks to buy according to analysts. Baird cut the price target on Salesforce, Inc. (NYSE:CRM) to $250 from $315 on February 26, reaffirming an Outperform rating on the shares and stating that it updated its model on the company after it reported fiscal Q4 results and an overall mixed guidance.

The same day, BMO Capital also cut the price target on Salesforce, Inc. (NYSE:CRM) to $225 from $235 and maintained an Outperform rating on the shares. It told investors in a research note that the company released a mixed to weak report, with a miss for January-quarter constant-currency organic revenue growth targets. According to the firm, the stock will remain range-bound near-term until demonstrated growth improves.

Salesforce, Inc. (NYSE:CRM) also received a rating update from Piper Sandler on February 26. The firm cut the price target on the stock to $250 from $280, keeping an Overweight rating on the shares and noting that while fiscal Q4 results narrowly topped consensus, the initial FY27 revenue growth guide for 10.5% year-over-year was slightly below consensus expectations for up 11.1%. With investor attention focused on the AI disruption debates, the guide alone is likely not changing minds.

Salesforce, Inc. (NYSE:CRM) designs and develops cloud-based enterprise software for customer relationship management. Its solutions encompass customer service and support, sales force automation, digital commerce, marketing automation, collaboration, community management, industry-specific solutions, and salesforce platforms. It also offers training, guidance, support, and advisory services.

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Disclosure: None. This article is originally published at Insider Monkey.