Salesforce (NYSE:CRM) Updates Q3 2027 Earnings Guidance

Salesforce (NYSE:CRM) issued an update on its third quarter 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.420-3.440 for the period, compared to the consensus earnings per share estimate of 3.160. The company issued revenue guidance of $11.4 billion-$11.5 billion, compared to the consensus revenue estimate of $11.4 billion. Salesforce also updated its FY 2027 guidance to 16.670-16.710 EPS.

Salesforce Stock Performance

NYSE:CRM opened at $252.15 on Friday. The firm has a market capitalization of $206.51 billion, a PE ratio of 22.99, a PEG ratio of 1.11 and a beta of 1.16. Salesforce has a 1 year low of $146.32 and a 1 year high of $269.11. 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’s fifty day simple moving average is $179.14 and its 200 day simple moving average is $182.03.

Salesforce (NYSE:CRM) last posted its quarterly earnings data 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. The business had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. Salesforce had a return on equity of 23.35% and a net margin of 21.99%.The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. On average, sell-side analysts anticipate that Salesforce will post 10.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Evercore reissued an “outperform” rating on shares of Salesforce in a research report on Thursday. Daiwa Securities Group dropped their target price on shares of Salesforce from $295.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, June 2nd. Oppenheimer reissued an “outperform” rating and issued a $275.00 price target (up from $250.00) on shares of Salesforce in a report on Thursday. Monness Crespi & Hardt raised their price target on shares of Salesforce from $222.00 to $266.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, HSBC boosted their price objective on shares of Salesforce from $350.00 to $356.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $261.15.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Raised outlook and earnings beat: Salesforce reported adjusted EPS of $5.90, well above the $3.27 consensus, while revenue increased 10.8% year over year to $11.35 billion. Management raised fiscal 2027 revenue guidance to $46.1 billion-$46.4 billion and provided third-quarter EPS guidance above analyst expectations. Salesforce raises annual revenue forecasts on AI product momentum
• Positive Sentiment: Anthropic partnership strengthens AI strategy: Salesforce and Anthropic introduced “Claudeforce,” integrating Claude with Salesforce data, workflows, governance and CRM tools. The companies say the integration will allow sellers and agents to use Salesforce capabilities directly within Claude, potentially improving AI adoption and monetization. Salesforce and Anthropic Announce Claudeforce
• Positive Sentiment: Operating indicators showed momentum: Constant-currency remaining performance obligations accelerated 14%, while Agentforce and Data 360 annual recurring revenue approached $3.9 billion. Management also said AI usage on the platform has risen substantially, countering the “SaaSpocalypse” thesis that AI agents will replace incumbent software.
• Neutral Sentiment: Analyst reactions were broadly constructive but mixed: JPMorgan, Mizuho, BMO, Truist and Monness raised targets or maintained bullish ratings, with targets ranging from $260 to $300 or higher. UBS, Wells Fargo, Morgan Stanley and Citi also lifted targets but retained neutral or equal-weight ratings, reflecting valuation and execution concerns.
• Negative Sentiment: Earnings quality remains a concern: Strategic investment gains contributed approximately $2.53 of the $5.90 adjusted EPS, including an estimated $2.7 billion unrealized gain tied to Salesforce’s Anthropic investment. Such gains may not recur, and skeptics warn that Anthropic’s control of the AI orchestration layer could limit Salesforce’s long-term strategic upside. Salesforce Stock Just Soared. Thank Anthropic.

Hedge Funds Weigh In On Salesforce

Hedge funds and other institutional investors have recently modified their holdings of the stock. Compound Planning Inc. lifted its holdings in shares of Salesforce by 0.8% during the fourth quarter. Compound Planning Inc. now owns 17,781 shares of the CRM provider’s stock valued at $4,710,000 after acquiring an additional 135 shares during the period. Birchwood Financial Partners Inc. acquired a new stake in shares of Salesforce in the 4th quarter valued at $28,000. Corient Private Wealth LLC grew its holdings in shares of Salesforce by 84.9% in the 4th quarter. Corient Private Wealth LLC now owns 773,553 shares of the CRM provider’s stock worth $204,922,000 after purchasing an additional 355,108 shares during the last quarter. Strive Financial Group LLC bought a new stake in shares of Salesforce in the 4th quarter worth about $158,000. Finally, Blue Sparrow LLC DE acquired a new stake in shares of Salesforce during the 4th quarter worth about $18,862,000. Institutional investors own 80.43% of the company’s stock.

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.