Salesforce price target lowered to $250 from $275 at Oppenheimer

Oppenheimer lowered the firm’s price target on Salesforce (CRM) to $250 from $275 and keeps an Outperform rating on the shares. The firm notes Salesforce’s Q4 results were decent, but missed constant currency expectations. Positively, Agentforce continues showing robust growth, increasing financials transparency, and support Salesforce’s place in the agentic future. Additionally, business reacceleration in the second half of 2027 remains intact, which is the high-end of guidance from October, and medium-term guidance is rising from Informatica outperforming and better predictability. Negatively, the beat magnitudes are smaller in Q4 and organic growth is sub-10%, Oppenheimer adds.