Salesforce (NYSE:CRM) Price Target Raised to $266.00

Salesforce (NYSE:CRM) had its price objective increased by Monness Crespi & Hardt from $222.00 to $266.00 in a report issued on Thursday morning, Marketbeat Ratings reports. They currently have a buy rating on the CRM provider’s stock.

A number of other equities research analysts have also issued reports on the company. Citizens Jmp reissued a “market outperform” rating and set a $315.00 price target on shares of Salesforce in a research note on Tuesday, August 25th. UBS Group lifted their target price on Salesforce from $185.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Phillip Securities cut shares of Salesforce from a “buy” rating to a “hold” rating and cut their price target for the stock from $253.00 to $166.00 in a report on Monday, June 29th. B. Riley Financial raised their price target on shares of Salesforce from $205.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, DA Davidson lowered their price objective on shares of Salesforce from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.15.

Salesforce Trading Up 1.8%

CRM stock opened at $256.60 on Thursday. The firm has a market cap of $210.16 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16. The firm has a fifty day moving average price of $181.24 and a 200 day moving average price of $182.55. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.79 and a current ratio of 0.84. Salesforce has a fifty-two week low of $146.32 and a fifty-two week high of $269.11.

Salesforce (NYSE:CRM) last issued 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 company had revenue of $11.35 billion for the quarter, compared to analysts’ expectations of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $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. Sell-side analysts anticipate that Salesforce will post 12.77 earnings per share for the current fiscal year.

Institutional Trading of Salesforce

Several hedge funds have recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Salesforce in the 2nd quarter worth approximately $48,110,000. California State Teachers Retirement System raised its stake in shares of Salesforce by 13,260.5% during the 2nd quarter. California State Teachers Retirement System now owns 188,085,056 shares of the CRM provider’s stock worth $29,465,405,000 after acquiring an additional 186,677,290 shares in the last quarter. DMC Group LLC lifted its position in Salesforce by 43.5% during the second quarter. DMC Group LLC now owns 2,457 shares of the CRM provider’s stock valued at $385,000 after acquiring an additional 745 shares during the last quarter. Ameritas Advisory Services LLC lifted its position in Salesforce by 154.9% during the second quarter. Ameritas Advisory Services LLC now owns 11,477 shares of the CRM provider’s stock valued at $1,798,000 after acquiring an additional 6,974 shares during the last quarter. Finally, Guardian Wealth Advisors LLC NC boosted its stake in Salesforce by 7.7% in the second quarter. Guardian Wealth Advisors LLC NC now owns 4,412 shares of the CRM provider’s stock valued at $691,000 after acquiring an additional 317 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Strong quarterly beat and raised outlook: Salesforce reported adjusted EPS of $5.90 versus the $3.27 consensus estimate, while revenue rose 10.8% year over year to $11.35 billion, broadly topping expectations. Management raised its fiscal 2027 revenue outlook to approximately $46.1 billion-$46.4 billion and pointed to stronger bookings, lower attrition and potential organic growth reacceleration. Salesforce Stock Soars After Strong Results, Raised Outlook
• Positive Sentiment: AI partnership strengthens the growth narrative: Salesforce expanded its alliance with Anthropic, integrating Claude into Agentforce and launching “Claudeforce,” which places Salesforce CRM capabilities inside Claude. Investors viewed the agreement as evidence that Salesforce can monetize AI and benefit from rising usage; Agentforce and Data 360 annual recurring revenue approached $3.9 billion, with Agentforce ARR reaching about $1.5 billion. Salesforce Soars on Earnings Beat and AI Partnership
• Positive Sentiment: Analyst and institutional support: Wolfe Research upgraded CRM to “strong buy,” while several firms raised price targets, including Truist to $300, JPMorgan to $265 and Mizuho to $265. Heavy trading and reports of institutional buying suggest investors are reassessing the stock’s valuation and the broader software sector’s AI prospects.
• Neutral Sentiment: Profit quality warrants scrutiny: Strategic investment gains contributed $2.53 of the $5.90 adjusted EPS, including an estimated $2.7 billion unrealized gain tied to Salesforce’s Anthropic investment. This boosted reported earnings but may not represent recurring operating performance. Salesforce Stock Just Soared. Thank Anthropic.
• Negative Sentiment: Valuation and execution risks remain: After the rally, some analysts still see limited upside or downside, with UBS, Citi, Morgan Stanley and Wells Fargo retaining neutral or equivalent ratings. Critics also caution that Anthropic could control the AI orchestration layer, potentially limiting Salesforce’s long-term strategic leverage, while the rapid move may already price in much of the AI opportunity.

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.