DA Davidson Cuts PT on Salesforce, Inc. (CRM) Following Q1 Results

Salesforce, Inc. (NYSE:CRM) is one of the top 10 undervalued blue chip stocks analysts recommend for smart investing. DA Davidson cut the price target on Salesforce, Inc. (NYSE:CRM) to $175 from $200 on May 28, maintaining a Neutral rating on the shares. The firm told investors in a research note that the company’s fiscal Q1 earnings represent a strong start to the year. However, it added that despite low investor expectations heading into the quarter, the results and the updated guide did not manage to provide the ammunition for bulls to get more constructive on the name and endorse the top-line acceleration story for the second half of FY27.

Salesforce, Inc. (NYSE:CRM) also received a rating update from BMO Capital the same day, with the firm cutting the price target on the stock to $215 from $225 while maintaining an Outperform rating on the shares following the company’s fiscal Q1 results. The firm told investors in a research note that the results and guidance are not likely to be sufficient to convince either bears or bulls to switch sides, and that offer limited changes to FY27 top-line growth expectations.

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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