Salesforce (NYSE:CRM – Get Free Report)‘s stock had its “overweight” rating reissued by analysts at Cantor Fitzgerald in a research report issued on Wednesday, Marketbeat Ratings reports. They presently have a $300.00 price objective on the CRM provider’s stock. Cantor Fitzgerald‘s price objective suggests a potential upside of 24.08% from the company’s current price.
Other research analysts have also recently issued reports about the company. Oppenheimer reaffirmed an “outperform” rating on shares of Salesforce in a research report on Thursday, September 17th. Susquehanna assumed coverage on Salesforce in a research report on Wednesday, July 1st. They set a “neutral” rating for the company. Monness Crespi & Hardt upped their price objective on Salesforce from $222.00 to $266.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. KeyCorp assumed coverage on Salesforce in a research report on Monday, October 12th. They set a “sector weight” rating for the company. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Salesforce in a research report on Thursday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $278.98.
Get Our Latest Stock Analysis on Salesforce
Salesforce Trading Down 0.3%
CRM traded down $0.66 during mid-day trading on Wednesday, hitting $241.77. The stock had a trading volume of 5,427,161 shares, compared to its average volume of 13,451,264. The stock’s fifty day simple moving average is $233.29 and its 200-day simple moving average is $195.68. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $198.98 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 1.10 and a beta of 1.26. Salesforce has a 1-year low of $146.32 and a 1-year high of $269.11.
Salesforce (NYSE:CRM – Get Free Report) last posted its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $11.33 billion. During the same period last year, the business posted $2.91 earnings per share. The business’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, research analysts forecast that Salesforce will post 12.82 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Craig Conway sold 4,500 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $260.61, for a total value 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. This trade represents a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Blair Kirk acquired 4,176 shares of the firm’s stock in a transaction dated Friday, September 18th. The stock was purchased at an average cost of $239.33 per share, with a total value of $999,442.08. Following the transaction, the director owned 18,748 shares in the company, valued at approximately $4,486,958.84. This trade represents a 28.66% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.50% of the stock is currently owned by company insiders.
Institutional Trading of Salesforce
Hedge funds have recently made changes to their positions in the business. Thor Investment Management Inc. OH ADV raised its position in Salesforce by 0.7% in the third quarter. Thor Investment Management Inc. OH ADV now owns 6,422 shares of the CRM provider’s stock worth $1,474,000 after acquiring an additional 45 shares during the period. Crumly & Associates Inc. raised its position in Salesforce by 1.5% in the third quarter. Crumly & Associates Inc. now owns 3,396 shares of the CRM provider’s stock worth $780,000 after acquiring an additional 50 shares during the period. HBW Advisory Services LLC raised its position in Salesforce by 0.4% in the first quarter. HBW Advisory Services LLC now owns 13,098 shares of the CRM provider’s stock worth $2,445,000 after acquiring an additional 57 shares during the period. Paragon Capital Management Inc. raised its position in Salesforce by 1.0% in the third quarter. Paragon Capital Management Inc. now owns 5,714 shares of the CRM provider’s stock worth $1,312,000 after acquiring an additional 57 shares during the period. Finally, Onyx Bridge Wealth Group LLC raised its position in Salesforce by 3.6% in the third quarter. Onyx Bridge Wealth Group LLC now owns 1,632 shares of the CRM provider’s stock worth $375,000 after acquiring an additional 57 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.
More Salesforce News
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment: Strategic expansion of Agentforce and marketing capabilities: Salesforce will pay $47.50 per Braze share, a roughly 58% premium, to acquire real-time customer-engagement technology and approximately 2,770 enterprise customers. The platform could provide the live behavioral data needed to strengthen Salesforce’s Agentforce AI ecosystem and Marketing Cloud. Salesforce Fuels AI Engine With $5.66B Braze Buyout
- Positive Sentiment: Analyst support remains constructive: UBS called the deal a solid strategic fit at a reasonable price, although it cautioned that Salesforce must demonstrate stronger organic growth. Cantor Fitzgerald reaffirmed its overweight rating and set a $300 price target, implying material upside from recent trading levels. Salesforce’s Braze Deal Wins UBS Backing
- Positive Sentiment: Long-term AI spending could provide a tailwind: Commentary citing analyst Dan Ives argues that the broader AI infrastructure and software buildout remains in its early stages. Salesforce is positioned to benefit if enterprises continue shifting budgets toward AI agents, data infrastructure and automated customer engagement. The AI Buildout Is Only 15% Complete
- Neutral Sentiment: Execution will determine the payoff: The acquisition is expected to close in fiscal 2028, subject to antitrust review. Salesforce has the cash flow and balance-sheet capacity to fund the transaction, but investors will monitor customer retention, product integration, margins and whether the deal accelerates revenue growth rather than merely adding scale.
- Negative Sentiment: Premium valuation and acquisition concerns weigh on the stock: Braze is reportedly unprofitable, making the 58% premium difficult to justify without substantial future synergies. The upfront cash commitment and complexity of integrating another major software platform have prompted investors to discount Salesforce shares in the near term. Salesforce Announces $5.66 Billion Braze Deal
About Salesforce
Salesforce, Inc (NYSE: CRM) is a global enterprise software company that provides cloud-based customer relationship management (CRM) technology. Its platform helps organizations manage sales, customer service, marketing, commerce, data, analytics and interactions with customers across digital and traditional channels.
The company’s products include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud and Data Cloud. Salesforce also offers Tableau for data visualization and analytics, MuleSoft for application integration, and Slack for workplace collaboration.
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