Salesforce (NYSE:CRM – Free Report) had its price objective raised by Argus from $290.00 to $300.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the CRM provider’s stock.
A number of other research analysts have also weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of Salesforce from $210.00 to $250.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 27th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Salesforce in a research report on Thursday, August 27th. Wells Fargo & Company lifted their price objective on Salesforce from $205.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 27th. KeyCorp cut Salesforce from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, July 8th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Salesforce in a research note on Thursday, August 27th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and a consensus price target of $266.50.
Check Out Our Latest Analysis on Salesforce
Salesforce Stock Down 0.5%
Salesforce (NYSE:CRM – Get Free Report) last announced its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The firm had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. During the same quarter in the prior year, the business earned $2.91 earnings per share. The company’s revenue was up 10.8% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Research analysts forecast that Salesforce will post 12.64 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in CRM. Commonwealth Retirement Investments LLC acquired a new stake in Salesforce during the fourth quarter worth about $25,000. Gilpin Wealth Management LLC acquired a new position in Salesforce in the 4th quarter valued at approximately $26,000. Birchwood Financial Partners Inc. bought a new stake in shares of Salesforce in the 4th quarter worth approximately $28,000. Swiss RE Ltd. bought a new stake in shares of Salesforce in the 4th quarter worth approximately $28,000. Finally, Dogwood Wealth Management LLC grew its holdings in shares of Salesforce by 285.7% during the 4th quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider’s stock worth $29,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.
Salesforce News Roundup
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment: Salesforce announced a partnership with Anthropic to integrate Claude into its platform through “Claudeforce.” The offering is intended to combine Claude’s reasoning capabilities with Salesforce customer data, potentially strengthening Agentforce and supporting higher-value enterprise AI growth. Salesforce partners with Anthropic to integrate Claude AI into its ecosystem
- Positive Sentiment: Recent fiscal second-quarter results exceeded expectations, with adjusted EPS of $5.90 versus the $3.27 consensus and revenue of $11.35 billion. Salesforce also raised its outlook, while rapid adoption of Agentforce and Data 360 is reinforcing the view that AI can expand—not undermine—its software business. Is Salesforce cheap on strong Q2 results and higher guidance?
- Positive Sentiment: Analysts continue to raise their expectations: Cantor Fitzgerald lifted its target to $300 and assigned an Overweight rating, while BTIG reaffirmed Buy with a $300 target. Needham also reiterated Buy and set a more bullish $400 target. Salesforce analyst forecasts
- Positive Sentiment: BTIG said it is incrementally more confident that Salesforce’s business trends are improving, adding support to the recovery thesis following the company’s stronger quarter and raised guidance. BTIG comments on Salesforce business trends
- Neutral Sentiment: Salesforce has rallied sharply since its earnings report, with commentary highlighting a broader rebound in enterprise software and the unwinding of bearish hedge-fund positions. This improves sentiment but also leaves the stock vulnerable to profit-taking. Jim Cramer discusses the enterprise software rebound
- Negative Sentiment: Some analysts remain cautious about the pace of future earnings growth. Northland Securities raised its FY2027 EPS estimate but reduced projections for the third and fourth quarters and slightly lowered its FY2028 forecast, underscoring execution risk after the guidance increase. Salesforce raised guidance and must deliver revenue acceleration
- Negative Sentiment: Technical commentary describes CRM as overbought after its recent surge. Investors may be locking in gains while waiting for evidence that AI bookings and revenue growth can accelerate enough to justify the higher valuation. Salesforce may be overbought
About Salesforce
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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