Salesforce Price Target Cut to $281 After $11.2B Q4 Beat
Goldman Sachs cut its Salesforce price target to $281 from $330 while maintaining a buy rating, despite Q4 revenue of $11.20 billion and adjusted EPS of $3.81, both above estimates. Salesforce guided fiscal 2027 revenue at a $46 billion midpoint and deepened its Formula 1 partnership to expand Agentforce globally.
1. Goldman Sachs Cuts Price Target
Goldman Sachs lowered its Salesforce price target to $281 from $330 while retaining a buy rating, signaling confidence in the stock despite trimming upside expectations.
2. Q4 Earnings Outperform Expectations
In Q4 ended Jan. 31, Salesforce posted revenue of $11.20 billion versus $11.18 billion expected and adjusted EPS of $3.81 above the $3.04 estimate, driven by stronger subscription sales.
3. Fiscal 2027 Revenue and Margin Outlook
Salesforce forecast fiscal 2027 revenue at a $46 billion midpoint for 10% year-over-year growth, but guided operating margins 60 basis points below analysts’ forecasts, raising profit expansion concerns.
4. Expanded Formula 1 Partnership
Salesforce deepened its Formula 1 partnership to broaden global adoption of its AI tool Agentforce, aiming to boost fan engagement and showcase its growing AI capabilities.