Northland Lowers PT on Salesforce (CRM) Stock

NodeGuardian · 2026-03-24T05:10:21+00:00

Nehal Chokshi of Northland lowered Salesforce's price target to $229, keeping a "Market Perform" rating due to Q4 2026 cRPO of $35.1 billion falling short of targets. A $50 billion buyback was noted, with FY 2027 revenue expected between $45.8 billion and $46.2 billion.

NodeGuardian

2026-03-24 05:10:21

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Northland analyst Nehal Chokshi reduced the price target on Salesforce (CRM) stock to $229 from $267, maintaining a “Market Perform” rating. This decision followed Salesforce’s Q4 2026 cRPO of $35.1 billion, which, despite a 16.2% YoY rise, was below key target levels. The firm noted a positive move in the form of a $50 billion debt-funded buyback announcement, and Salesforce expects FY 2027 revenue between $45.8 billion and $46.2 billion.

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