Salesforce (NYSE:CRM – Free Report) had its price objective upped by BMO Capital Markets from $250.00 to $285.00 in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. The firm currently has an outperform rating on the CRM provider’s stock.
Several other research firms have also recently weighed in on CRM. Daiwa Securities Group lowered their price target on Salesforce from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 2nd. Needham & Company LLC reissued a “buy” rating on shares of Salesforce in a research report on Thursday. The Goldman Sachs Group restated a “buy” rating on shares of Salesforce in a research note on Thursday, August 27th. Royal Bank Of Canada upped their price target on shares of Salesforce from $210.00 to $250.00 and gave the company a “sector perform” rating in a research report on Thursday, August 27th. Finally, DA Davidson increased their price objective on shares of Salesforce from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $275.14.
Read Our Latest Research Report on Salesforce
Salesforce Stock Performance
Salesforce (NYSE:CRM – Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The company had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.33 billion. During the same quarter in the prior year, the firm earned $2.91 earnings per share. The firm’s revenue for the quarter 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, equities research analysts expect that Salesforce will post 12.82 earnings per share for the current year.
Salesforce Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce’s payout ratio is 16.04%.
Insider Transactions at Salesforce
In other Salesforce news, Director Craig Conway sold 4,500 shares of the firm’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 sale, the director owned 5,437 shares in the company, valued at approximately $1,416,936.57. This trade represents a 45.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.50% of the company’s stock.
Institutional Trading of Salesforce
A number of hedge funds and other institutional investors have recently modified their holdings of CRM. CBIZ Investment Advisory Services LLC raised its position in shares of Salesforce by 35.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 199 shares of the CRM provider’s stock valued at $53,000 after purchasing an additional 52 shares during the period. Krane Funds Advisors LLC boosted its holdings in Salesforce by 0.7% in the 4th quarter. Krane Funds Advisors LLC now owns 8,254 shares of the CRM provider’s stock worth $2,187,000 after buying an additional 57 shares during the period. HBW Advisory Services LLC increased its stake in Salesforce by 0.4% in the 1st quarter. HBW Advisory Services LLC now owns 13,098 shares of the CRM provider’s stock worth $2,445,000 after buying an additional 57 shares in the last quarter. Prentice Wealth Management LLC increased its stake in Salesforce by 1.8% in the 1st quarter. Prentice Wealth Management LLC now owns 3,274 shares of the CRM provider’s stock worth $611,000 after buying an additional 58 shares in the last quarter. Finally, Focused Wealth Management Inc raised its holdings in Salesforce by 5.5% during the first quarter. Focused Wealth Management Inc now owns 1,126 shares of the CRM provider’s stock valued at $210,000 after acquiring an additional 59 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.
Key Headlines Impacting Salesforce
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment: Salesforce set a fiscal 2030 revenue target of more than $63 billion, above market expectations. Management said artificial intelligence, data products and higher customer spending should support long-term growth and help counter fears that AI could disrupt its core software business. Salesforce issues revenue target of over $63 billion for fiscal 2030
- Positive Sentiment: Several firms raised their price targets, including Stifel, Canaccord Genuity, BMO Capital Markets, Citizens JMP, Stephens and Wells Fargo. Targets generally range from $250 to $315, reflecting optimism that Agentforce and other AI products can accelerate revenue and customer expansion. Six Analysts Turn Bullish on Salesforce
- Positive Sentiment: BNP Paribas described business activity as improving, while Salesforce’s broader AIforce strategy connects CRM data with partners including Google Cloud, Anthropic, Nvidia and Snap. These relationships could increase Agentforce usage and strengthen Salesforce’s enterprise ecosystem.
- Neutral Sentiment: Salesforce unveiled Koa, its first internally developed AI model for CRM reasoning, and AIforce, a platform intended to make CRM data available across multiple applications. However, Koa is not yet broadly available, limiting its immediate effect on revenue or earnings. Why Salesforce’s Homegrown AI Model Won’t Move the Stock Until 2027
- Negative Sentiment: UBS said AIforce could drive usage but cautioned that its pricing is currently too high. Investors therefore remain uncertain whether Agentforce adoption will translate into substantial incremental revenue and acceptable customer returns. Salesforce’s AIforce Offering has Potential to Drive Usage but Price Point is Too High
- Negative Sentiment: The stock has rallied sharply toward its 52-week high, so investors may be taking profits while waiting for proof of near-term AI monetization. A recent system outage and mixed partner feedback on pricing add to execution concerns. Why Salesforce Stock Dropped Despite Analysts Boosting Targets
About Salesforce
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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