Salesforce (NYSE:CRM – Get Free Report)‘s stock had its “buy” rating restated by equities researchers at Needham & Company LLC in a research report issued on Tuesday,Benzinga reports.
A number of other equities analysts also recently commented on the stock. Bank of America started coverage on shares of Salesforce in a research note on Monday, May 18th. They issued an “underperform” rating and a $160.00 target price on the stock. Macquarie Infrastructure cut their target price on shares of Salesforce from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, May 28th. Citigroup reaffirmed a “market outperform” rating on shares of Salesforce in a research note on Thursday, May 28th. B. Riley Financial lifted their price target on shares of Salesforce from $205.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, Mizuho dropped their price target on shares of Salesforce from $280.00 to $265.00 and set an “outperform” rating on the stock in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $259.26.
Get Our Latest Stock Analysis on Salesforce
Salesforce Trading Down 2.4%
Salesforce (NYSE:CRM – Get Free Report) last issued its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.13 by $0.75. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The business had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter last year, the firm posted $2.58 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. On average, research analysts predict that Salesforce will post 10.29 EPS for the current fiscal year.
Salesforce declared that its Board of Directors has authorized a stock buyback program on Monday, March 16th that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the CRM provider to purchase up to 14.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Insider Buying and Selling at Salesforce
In related news, Director Laura Alber acquired 2,571 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was bought at an average cost of $194.58 per share, with a total value of $500,265.18. Following the acquisition, the director directly owned 9,530 shares in the company, valued at approximately $1,854,347.40. The trade was a 36.94% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Blair Kirk acquired 2,570 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were bought at an average cost of $194.62 per share, with a total value of $500,173.40. Following the completion of the acquisition, the director owned 13,689 shares in the company, valued at $2,664,153.18. This represents a 23.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.50% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in CRM. Brighton Jones LLC boosted its holdings in shares of Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after buying an additional 3,102 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after acquiring an additional 205 shares during the last quarter. Bison Wealth LLC grew its position in shares of Salesforce by 9.0% during the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after acquiring an additional 184 shares during the last quarter. Sivia Capital Partners LLC grew its position in shares of Salesforce by 3.7% during the second quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider’s stock worth $807,000 after acquiring an additional 106 shares during the last quarter. Finally, United Bank grew its position in shares of Salesforce by 5.2% during the second quarter. United Bank now owns 10,198 shares of the CRM provider’s stock worth $2,781,000 after acquiring an additional 500 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.
Salesforce News Roundup
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment: Salesforce agreed to buy AI customer-service platform Fin for about $3.6 billion, a move that should strengthen its Agentforce and broader autonomous AI offerings. Investors are viewing the deal as a way to deepen Salesforce’s customer engagement capabilities and improve its competitive position in enterprise software. Reuters: Salesforce to buy Fin for about $3.6 billion
- Positive Sentiment: Analysts and market commentary say Salesforce’s record cash generation, improving margins, and large buyback plan give it flexibility to reward shareholders while still investing in growth. Zacks: Can CRM’s Record Cash Generation Support Robust Shareholder Returns?
- Positive Sentiment: Some analysts see Salesforce as undervalued, with Cantor Fitzgerald reaffirming a Buy rating and a $250 target, implying meaningful upside from current levels. Insider Monkey: This Analyst Believes Salesforce (CRM) Stock Is Trading At A 52% Discount
- Neutral Sentiment: Salesforce has also been praised for continued AI investment and strong fundamentals, with commentary pointing to revenue growth, margin expansion, and potential second-half acceleration tied to Agentforce adoption. Seeking Alpha: Salesforce Is Consuming Everything Between AI And Itself
- Negative Sentiment: Despite the upbeat AI deal news, Salesforce’s shares have been in a strong downtrend this year, with the stock hovering near its lowest levels since 2023 and the company’s market value sharply reduced from prior highs. Invezz: Salesforce stock wipeout hits $212B as acquisition spree backfires
Salesforce Company Profile
Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.
Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.
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