Salesforce’s (CRM) “Market Outperform” Rating Reiterated at Citizens Jmp

Salesforce (NYSE:CRM)‘s stock had its “market outperform” rating reiterated by investment analysts at Citizens Jmp in a note issued to investors on Tuesday,Benzinga reports. They currently have a $315.00 price target on the CRM provider’s stock. Citizens Jmp’s price objective would suggest a potential upside of 50.58% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Sanford C. Bernstein cut their target price on Salesforce from $194.00 to $173.00 and set an “underperform” rating for the company in a research report on Thursday, May 28th. B. Riley Financial upped their price target on Salesforce from $205.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. UBS Group increased their price objective on shares of Salesforce from $185.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 target price on shares of Salesforce in a report on Thursday, August 20th. Finally, HC Wainwright lowered shares of Salesforce to a “negative” rating in a research report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $248.72.

Salesforce Trading Up 0.0%

Shares of Salesforce stock opened at $209.19 on Tuesday. The company has a market capitalization of $171.32 billion, a P/E ratio of 24.21, a P/E/G ratio of 1.13 and a beta of 1.16. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. The company has a fifty day moving average of $175.23 and a 200 day moving average of $181.44. Salesforce has a fifty-two week low of $146.32 and a fifty-two week high of $269.11.

Salesforce (NYSE:CRM) last posted its quarterly 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 business had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same period last year, the firm earned $2.58 earnings per share. The business’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, sell-side analysts anticipate that Salesforce will post 10.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Salesforce

Large investors have recently bought and sold shares of the business. Fred Alger Management LLC grew its stake in shares of Salesforce by 0.3% in the 3rd quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock worth $3,548,000 after buying an additional 45 shares in the last quarter. Synergy Financial Group LTD raised its position in shares of Salesforce by 2.4% during the 3rd quarter. Synergy Financial Group LTD now owns 2,035 shares of the CRM provider’s stock valued at $482,000 after buying an additional 48 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Salesforce by 35.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 199 shares of the CRM provider’s stock valued at $53,000 after acquiring an additional 52 shares during the last quarter. Krane Funds Advisors LLC grew its position in Salesforce by 0.7% in the fourth quarter. Krane Funds Advisors LLC now owns 8,254 shares of the CRM provider’s stock worth $2,187,000 after acquiring an additional 57 shares in the last quarter. Finally, HBW Advisory Services LLC grew 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 in the last quarter. Institutional investors own 80.43% of the company’s stock.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: BTIG reaffirmed its “Buy” rating and set a $255 price target, implying substantial upside from recent trading levels. The bullish view reflects confidence in Salesforce’s AI opportunity and valuation. Benzinga
• Positive Sentiment: Salesforce’s substantial share-repurchase program is being cited as a source of support for earnings per share and valuation. Analysts also point to disciplined spending, AI-led growth and a relatively modest valuation as potential catalysts for an upside earnings surprise. Salesforce Forcing Itself Higher Through Massive Buybacks And AI-Led Growth
• Positive Sentiment: Several investment analyses describe Salesforce as an undervalued way to participate in enterprise AI, despite slower growth. Expectations call for approximately 10.6% revenue growth, supported by AI-cloud demand, acquisitions and cost control. Salesforce Set to Report Q2 Earnings
• Neutral Sentiment: Salesforce is scheduled to report fiscal Q2 results on Wednesday. Investors will watch bookings, remaining performance obligations, guidance and evidence that AI products are improving growth. What to expect from Salesforce’s Q2 earnings
• Neutral Sentiment: The recent rally has brought CRM to a key resistance zone near $210, corresponding with its June high. A strong earnings reaction could determine whether the advance continues or stalls. Salesforce stock hits a crucial resistance ahead of earnings
• Negative Sentiment: The main risk is that Salesforce’s slower underlying growth fails to reaccelerate. Any weak guidance, limited AI monetization or signs that software demand remains pressured could lead investors to take profits after the pre-earnings rally. Salesforce earnings due: Will sales growth reacceleration hold up?

Salesforce Company Profile

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.