Salesforce (NYSE:CRM – Free Report) had its target price boosted by Mizuho from $265.00 to $280.00 in a report released on Wednesday morning,Benzinga reports. Mizuho currently has an outperform rating on the CRM provider’s stock.
Several other equities analysts have also recently issued reports on CRM. The Goldman Sachs Group reissued a “buy” rating on shares of Salesforce in a research note on Thursday, August 27th. Scotiabank lowered Salesforce from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, June 18th. HSBC lifted their price target on shares of Salesforce from $350.00 to $356.00 and gave the company a “buy” rating in a report on Friday, May 29th. Wells Fargo & Company boosted their price objective on shares of Salesforce from $205.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, August 27th. Finally, Roth Capital restated a “buy” rating and issued a $325.00 price objective on shares of Salesforce in a report on Thursday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus target price of $275.14.
Salesforce Stock Down 2.2%
Salesforce (NYSE:CRM – Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.Salesforce’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.91 EPS. 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 anticipate that Salesforce will post 12.82 EPS for the current fiscal year.
Salesforce Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, September 17th. This represents a $1.76 annualized dividend and a dividend yield of 0.7%. Salesforce’s payout ratio is currently 16.04%.
Insiders Place Their Bets
In other Salesforce news, Director Craig Conway sold 4,500 shares of the stock in a transaction on Friday, September 4th. The stock was 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 in the company, valued at approximately $1,416,936.57. This 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 can be accessed through this link. 3.50% of the stock is currently owned by insiders.
Institutional Trading of Salesforce
A number of hedge funds have recently modified their holdings of CRM. Commonwealth Retirement Investments LLC purchased a new position in Salesforce during the 4th quarter valued at about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Salesforce in the fourth quarter worth about $34,000. Godfrey Financial Associates Inc. purchased a new stake in Salesforce in the fourth quarter worth about $36,000. Abound Financial LLC bought a new position in shares of Salesforce during the fourth quarter valued at approximately $38,000. Finally, Costello Asset Management INC increased its stake in shares of Salesforce by 410.3% during the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 119 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.
Trending Headlines about 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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