Salesforce (NYSE:CRM – Get Free Report)‘s stock had its “equal weight” rating restated by stock analysts at Stephens in a report released on Friday, Benzinga reports. They presently have a $289.00 price target on the CRM provider’s stock. Stephens’ price objective would suggest a potential upside of 18.76% from the company’s current price.
Several other analysts also recently commented on CRM. Citigroup reaffirmed a “market outperform” rating on shares of Salesforce in a research report on Friday. Monness Crespi & Hardt raised their price objective on shares of Salesforce from $222.00 to $266.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Jefferies Financial Group upped their price target on Salesforce from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Mizuho boosted their price target on shares of Salesforce from $265.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Daiwa Securities Group decreased their price objective on shares of Salesforce from $295.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 2nd. Three research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and an average price target of $275.14.
Check Out Our Latest Report on Salesforce
Salesforce Stock Performance
Salesforce (NYSE:CRM – Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating 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 company had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.33 billion. During the same period in the previous year, the business earned $2.91 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. As a group, analysts predict that Salesforce will post 12.82 EPS for the current year.
Insider Buying and Selling at Salesforce
In related news, Director Craig Conway sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the completion of the transaction, the director owned 5,437 shares of the company’s stock, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.50% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Salesforce
A number of institutional investors have recently added to or reduced their stakes in CRM. Wellington Altus USA Inc. raised its holdings in shares of Salesforce by 117.2% in the 2nd quarter. Wellington Altus USA Inc. now owns 315 shares of the CRM provider’s stock valued at $49,000 after acquiring an additional 170 shares in the last quarter. Anchor Investment Management LLC increased its position in shares of Salesforce by 184.5% in the second quarter. Anchor Investment Management LLC now owns 17,983 shares of the CRM provider’s stock worth $2,817,000 after purchasing an additional 11,663 shares during the last quarter. Marathon Wealth Advisors LLC raised its stake in Salesforce by 1.2% in the second quarter. Marathon Wealth Advisors LLC now owns 21,267 shares of the CRM provider’s stock valued at $3,332,000 after purchasing an additional 260 shares in the last quarter. ABS Direct Equity Fund LLC bought a new stake in Salesforce during the second quarter valued at approximately $25,000. Finally, Van Hulzen Asset Management LLC grew its stake in Salesforce by 73.0% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 2,136 shares of the CRM provider’s stock worth $335,000 after buying an additional 901 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.
Salesforce News Roundup
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment: Long-term revenue outlook exceeded expectations. At Dreamforce, Salesforce projected fiscal 2030 revenue of more than $63 billion, supported by accelerating demand for artificial intelligence and data products. The forecast helped ease fears that AI could disrupt Salesforce’s core software business. Salesforce issues revenue target of over $63 billion for fiscal 2030
- Positive Sentiment: Analysts raised price targets across the board. Stifel and Canaccord lifted their targets to $300, while BMO raised its target to $285 and Wells Fargo increased its target to $250. The upgrades reflect expectations that Agentforce, data products, and other enterprise AI offerings can drive a re-rating of CRM. Six Analysts Turn Bullish on Salesforce
- Positive Sentiment: AI ecosystem momentum is expanding. Salesforce announced integrations involving Google Gemini, Anthropic’s Claude, OpenAI, Nvidia, Slack, and Snap. Agentforce annual recurring revenue reportedly reached $1.5 billion, up 240% year over year, while net new annual order value growth reached a four-year high.
- Neutral Sentiment: Options activity signals increased speculative interest. Traders bought approximately 253,000 CRM call options, about 171% above typical daily call volume. The activity may indicate bullish positioning, but it does not guarantee sustained buying in the stock.
- Negative Sentiment: Execution and monetization concerns remain. Partner checks were positive on demand but mixed on pricing, and analysts continue to question how quickly Agentforce and Claude integrations will translate into Salesforce revenue. Reports also noted that Agentforce’s return on investment remains an open issue.
- Negative Sentiment: A service outage created an unwelcome headline during Dreamforce. The disruption affected access to parts of Salesforce’s cloud software suite, raising concerns about reliability and adding pressure while the company promotes AI-powered enterprise applications. Salesforce stock falls as service outage hits during crucial conference
Salesforce Company Profile
Salesforce, Inc is a cloud-based software company that provides customer relationship management (CRM) technology and related enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, data analytics and business operations through subscription-based software and cloud services.
The company’s product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Data Cloud and the Salesforce Platform. Salesforce also offers Slack for workplace collaboration, Tableau for data visualization and analytics, MuleSoft for application integration, and artificial intelligence capabilities, including its Agentforce platform for building and deploying AI agents.
Founded in 1999, Salesforce is headquartered in San Francisco, California, and serves businesses and organizations across a broad range of industries and geographic markets worldwide.
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