JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Salesforce (NYSE:CRM) Stock

Salesforce (NYSE:CRM) had its price objective raised by equities research analysts at JPMorgan Chase & Co. from $250.00 to $265.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the CRM provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 5.15% from the stock’s current price.

A number of other equities analysts have also recently issued reports on CRM. Morgan Stanley upped their price objective on shares of Salesforce from $185.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Thursday. Jefferies Financial Group boosted their target price on shares of Salesforce from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday. Truist Financial reiterated a “buy” rating and set a $300.00 price target (up from $280.00) on shares of Salesforce in a report on Thursday. Citizens Jmp reiterated a “market outperform” rating and issued a $315.00 price target on shares of Salesforce in a research note on Tuesday. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Salesforce in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $260.41.

Salesforce Price Performance

NYSE:CRM traded up $46.40 during trading hours on Thursday, hitting $252.02. The company’s stock had a trading volume of 44,615,127 shares, compared to its average volume of 13,829,271. The stock has a fifty day simple moving average of $177.13 and a 200-day simple moving average of $181.60. The company has a market capitalization of $206.40 billion, a P/E ratio of 29.14, a PEG ratio of 1.11 and a beta of 1.16. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. Salesforce has a twelve month low of $146.32 and a twelve month high of $269.11.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, topping the consensus estimate of $3.27 by $2.63. The firm had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.91 earnings per share. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. On average, analysts anticipate that Salesforce will post 10.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Salesforce

Several large investors have recently modified their holdings of the business. Commonwealth Retirement Investments LLC acquired a new stake in Salesforce in the fourth quarter valued at $25,000. Manning & Napier Advisors LLC acquired a new position in Salesforce during the 2nd quarter worth about $26,000. Gilpin Wealth Management LLC bought a new stake in shares of Salesforce in the 4th quarter valued at about $26,000. Persistent Asset Partners Ltd bought a new stake in shares of Salesforce in the 2nd quarter valued at about $27,000. Finally, Costello Asset Management INC increased its stake in shares of Salesforce by 410.3% in the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after buying an additional 119 shares during the period. 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: Salesforce reported adjusted Q2 earnings of $5.90 per share, well above the $3.27 consensus estimate, while revenue increased 10.8% year over year to $11.35 billion, slightly ahead of expectations. Salesforce Stock Soars After Strong Results, Raised Outlook
• Positive Sentiment: Management raised fiscal 2027 guidance to $46.1 billion–$46.4 billion in revenue and $16.67–$16.71 in EPS. Q3 EPS guidance of $3.42–$3.44 also exceeded the $3.16 analyst consensus, reinforcing expectations for improving growth and profitability. Salesforce Raises Annual Revenue Forecasts on AI Product Momentum
• Positive Sentiment: Underlying demand indicators were encouraging: current remaining performance obligations accelerated 14% in constant currency, free cash flow grew 81%, and Agentforce and Data 360 annual recurring revenue approached $3.9 billion. Agentforce ARR alone reached approximately $1.5 billion, suggesting customers are moving beyond AI experimentation. Salesforce Q2 Results and the SaaSpocalypse Bear Case
• Positive Sentiment: The expanded Anthropic relationship, branded “Claudeforce,” integrates Claude with Salesforce’s CRM data, workflows, governance, and Agentforce tools. Investors view the partnership as evidence that Salesforce can monetize AI rather than be displaced by it. Salesforce and Anthropic Announce Claudeforce
• Neutral Sentiment: Analysts broadly raised price targets, including Truist at $300 and Needham at $400, although several firms retained neutral or underperform ratings with targets below the current trading level. Salesforce Analyst Target Changes
• Negative Sentiment: Reported profit benefited materially from approximately $2.6 billion in gains on strategic investments, including its Anthropic stake. That makes the earnings beat less representative of recurring operating performance and could temper enthusiasm if investors focus on the one-time benefit. Salesforce Stock Jumps on AI Growth and Investment Gain

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.