Piper Sandler Cuts Salesforce Target to $280, Sees 71% Upside to $330
Salesforce Inc.'s price target was cut by Piper Sandler from $315 to $280 on February 3, while its Outperform rating was maintained. Salesforce shares have declined about 27% year-to-date and over 40% in the past year, while analysts forecast a median target of $330, implying 71% upside.
1. Price Target Cut and Sector Caution
On February 3, Piper Sandler trimmed its one-year price target for Salesforce from $315 to $280 but kept an Outperform rating, citing seat-compression pressures and soft demand narratives that could cap valuation multiples. The firm also signaled broader caution across the platforms and apps segment.
2. Stock Performance Under Pressure
Salesforce shares have fallen about 27% year-to-date and over 40% in the past 12 months, reflecting investor concerns about AI’s impact on traditional software providers and sectorwide weakness despite the company’s leading position in agentic AI.
3. Bullish Analyst Sentiment Persists
More than two-thirds of covering analysts maintain Buy or equivalent recommendations, driving a consensus one-year median target of $330 that implies approximately 71% upside from current levels.