salesforce.com (CRM) PT Lowered to $350 at BMO Capital, 'Expecting In-Line Quarter', 'We remain bullish on longer-term'
BMO Capital analyst Keith Bachman lowered the price target on salesforce.com (NYSE: CRM) to $350.00 (from $367.00) while maintaining a Outperform rating.
The analyst comments "We offer some quick Salesforce thoughts in advance of the pending report. April-quarter channel feedback has been mostly in line to very modestly better results vs. plan. We expect a largely in-line quarter, and CC FY26 top-line guidance/estimates to remain in place. The timing of the potential Informatica deal does not make us feel any better about the quarter. We remain bullish on longer-term potential of Agentforce but we think investor patience will be required. We are not changing estimates, though we are lowering our target price to $350."