Salesforce price target lowered to $281 from $330 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Salesforce (CRM) to $281 from $330 and keeps a Buy rating on the shares. Shares of Salesforce were down 5% after hours after reporting Q4 results, with revenue, subscription revenue, and EBIT margin in line with Street expectations, the analyst tells investors in a research note. FY27 revenue guidance matches the Street at 11%, though EBIT margin is guided 60bps lower, while a $50B share repurchase was announced, and the key focus remains whether Salesforce can leverage its domain expertise with Agentforce to generate durable growth versus newer competitors, the firm says.