Goldman Sachs resets price target for this Dow 30 dividend stock
By Aditya Raghunath
Published on March 3, 2026.
Salesforce (CRM) stock, a member of the Dow Jones Industrial Average and a Dow 30 dividend stock, has been downgraded by Goldman Sachs to $281, down from $330, while keeping a "buy" rating on the tech stock. The move comes amidst mixed reaction to Salesforce's mixed performance in its latest earnings report, which included a $3.81 adjusted EPS above estimates of $2.04 and a year-over-year growth of 10%. However, the company's guidance for fiscal 2027 revenue was about $46 billion, which was in line with consensus. Salesforce also guided operating margins about 60 basis points below what analysts had expected. The company's AI-powered platform, Agentforce, has grown from zero to an annualized revenue run rate of $800 million in just 15 months. Despite this, Goldman Sachs believes there is still significant upside from current levels. Despite a 47% drop from all-time highs, Salesforce stock offers shareholders a dividend yield of 0.9%. The company also has enough free cash flow potential to more than double its dividend and reinvest in growth projects and acquisitions.
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