Salesforce Inc. (NYSE:CRM – Get Free Report)’s stock price shot up 1.8% on Monday . The company traded as high as $175.39 and last traded at $173.8170. Approximately 12,221,944 shares changed hands during trading, a decline of 12% from the average session volume of 13,858,134 shares. The stock had previously closed at $170.77.
Key Salesforce News
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment: Some analysts still see Salesforce as attractively valued versus peers, arguing its AI growth, earnings revisions, and lower valuation give it an edge in enterprise software. Salesforce vs. Adobe: Which Enterprise Software Stock Has the Edge?
- Positive Sentiment: Salesforce is getting attention for its AI strategy, with some commentary framing the stock as an undervalued AI pivot despite recent downgrades. Salesforce (CRM) As Downgrades Test The Case For An Undervalued AI Pivot
- Positive Sentiment: Salesforce also gained positive coverage after its Missionforce platform was adopted by the U.S. Air Force for global fleet management, highlighting traction in secure government software. Salesforce (CRM) Lands Broad Air Force Role Managing A Global Military Vehicle Fleet
- Neutral Sentiment: Salesforce remains widely discussed among investors, but some recent pieces are mostly watchlist or comparison articles rather than direct catalysts. Salesforce, Inc. (CRM) is Attracting Investor Attention: Here is What You Should Know
- Negative Sentiment: Morgan Stanley downgraded Salesforce and cut its price target by about 35%, citing limited near-term growth visibility, which is weighing on the stock. Morgan Stanley Slashes Salesforce Price Target By 35%
- Negative Sentiment: Broader market concern that AI could disrupt legacy CRM software is adding to pressure on Salesforce and other enterprise software names. CRM, WDAY, TEAM Bounce Back: Can Momentum Continue?
- Negative Sentiment: A business article highlighted a customer ditching a costly Salesforce contract in favor of an AI-built CRM, reinforcing worries about competitive pressure and pricing. Curative CEO says company ditched a $600k-a-year Salesforce contract after vibecoding a CRM in 2 months
Analysts Set New Price Targets
A number of analysts recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Salesforce from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Thursday, May 28th. Barclays upgraded Salesforce from an “overweight” rating to an “overweight” rating in a report on Thursday, June 18th. CLSA assumed coverage on Salesforce in a research note on Monday. They issued a “hold” rating and a $165.00 price objective for the company. UBS Group reaffirmed an “equal weight” rating on shares of Salesforce in a report on Tuesday. Finally, BMO Capital Markets decreased their target price on Salesforce from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and a consensus price target of $249.51.
Salesforce Stock Performance
The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $133.58 billion, a PE ratio of 18.88, a PEG ratio of 0.94 and a beta of 1.18. The stock’s 50 day moving average price is $170.55 and its two-hundred day moving average price is $189.35.
Salesforce (NYSE:CRM – Get Free Report) last announced 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 return on equity of 18.72% and a net margin of 18.73%.The firm had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter in the prior year, the firm earned $2.58 EPS. Salesforce’s quarterly revenue was up 13.3% on a year-over-year basis. 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, equities analysts expect that Salesforce Inc. will post 10.29 earnings per share for the current year.
Salesforce Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, June 11th. Salesforce’s dividend payout ratio is 20.37%.
Institutional Investors Weigh In On Salesforce
Hedge funds and other institutional investors have recently modified their holdings of the company. J. Stern & Co. LLP lifted its stake in shares of Salesforce by 24,056.7% during the 4th quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock worth $12,552,896,000 after purchasing an additional 47,189,352 shares during the period. Norges Bank purchased a new stake in shares of Salesforce in the fourth quarter valued at $3,182,951,000. Arrowstreet Capital Limited Partnership grew its position in shares of Salesforce by 130.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock valued at $2,363,096,000 after purchasing an additional 7,160,302 shares during the period. Cardano Risk Management B.V. increased its stake in Salesforce by 924.7% in the fourth quarter. Cardano Risk Management B.V. now owns 3,883,610 shares of the CRM provider’s stock valued at $1,028,807,000 after purchasing an additional 3,504,605 shares during the last quarter. Finally, Capital International Investors lifted its position in Salesforce by 13.3% during the fourth quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider’s stock worth $6,019,199,000 after buying an additional 2,669,891 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.
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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