Goldman Sachs Cuts Salesforce Target to $281 and Flags Its Own Shares in March Selloff
Goldman Sachs trimmed its price target on Salesforce stock to $281 from $330 while keeping a buy rating, highlighting a 60 bps operating margin shortfall and AI competitive risks. GS shares appear among the 25 worst S&P 500 stocks to own in March, one of 12 finance names underperforming seasonally.
1. Price Target Cut on Salesforce
Goldman Sachs reduced its price target for Salesforce from $330 to $281 while maintaining a buy rating, citing a 60 basis-point operating margin shortfall in the fiscal fourth quarter and mounting competitive pressures on its AI product Agentforce. The bank noted that revenue of $11.20 billion and adjusted EPS of $3.81 topped estimates but flagged profit expansion risks before newer rivals close the AI gap.
2. GS Stock Seasonal Underperformance
Goldman Sachs stock is listed among the 25 worst S&P 500 performers in March over the past decade, representing one of twelve finance-sector names that historically post average declines during the month. This seasonal pattern highlights potential headwinds for GS shares as geopolitical tensions and AI-driven market volatility weigh on the broader banking sector.