salesforce.com (CRM) PT Lowered to $200 at DA Davidson

DA Davidson analyst Gil Luria lowered the price target on salesforce.com (NYSE: CRM) to $200.00 (from $235.00) while maintaining a Neutral rating.

The analyst commented: "Bulls were looking for early indicators to support the top line reacceleration story, but results this quarter were in-line with expectations with continued weakness in marketing and commerce offsetting strength in sales, service, and Agentforce. While the company provided some incremental positive data points around ramping Agentforce adoption, the FY27 guide bracketed consensus, with the midpoint implying 7%-8% CC Y/Y growth ex-Informatica. We are maintaining our NEUTRAL rating and lowering our PT to $200 from $235 (15x FY27 EPS)."

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