Salesforce (NYSE:CRM) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Salesforce (NYSE:CRM) had its target price increased by equities researchers at BMO Capital Markets from $260.00 to $285.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the CRM provider’s stock. BMO Capital Markets’ price target points to a potential upside of 13.71% from the company’s previous close.

CRM has been the topic of a number of other research reports. Wall Street Zen cut shares of Salesforce from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. HC Wainwright cut Salesforce to a “negative” rating in a report on Thursday, June 18th. Piper Sandler downgraded shares of Salesforce from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 28th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Salesforce in a research report on Thursday, August 27th. Finally, DA Davidson boosted their target price on shares of Salesforce from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.80.

Salesforce Stock Performance

Shares of CRM stock opened at $250.64 on Thursday. The firm has a market capitalization of $206.27 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.17 and a beta of 1.20. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. The business has a fifty day moving average of $205.81 and a 200 day moving average of $188.56. Salesforce has a 1 year low of $146.32 and a 1 year high of $269.11.

Salesforce (NYSE:CRM) last issued its quarterly earnings results 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 the consensus estimate of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. Salesforce’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company 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 expect that Salesforce will post 12.83 earnings per share for the current year.

Insider Transactions at Salesforce

In other Salesforce news, Director Craig Conway sold 4,500 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the sale, the director directly owned 5,437 shares of the company’s stock, valued at $1,416,936.57. This trade represents a 45.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.50% of the company’s stock.

Institutional Trading of Salesforce

A number of hedge funds have recently added to or reduced their stakes in the business. Commonwealth Retirement Investments LLC acquired a new stake in shares of Salesforce in the fourth quarter worth approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Salesforce in the 4th quarter valued at $34,000. Godfrey Financial Associates Inc. acquired a new position in shares of Salesforce during the fourth quarter worth about $36,000. Abound Financial LLC acquired a new position in Salesforce during the 4th quarter worth approximately $38,000. Finally, Costello Asset Management INC lifted its position 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 worth $28,000 after purchasing an additional 119 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce News Summary

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 analyst expectations. The forecast helped ease concerns that generative AI could disrupt Salesforce’s core software business and suggested that Agentforce and other AI offerings can support renewed growth. Salesforce issues revenue target of over $63 billion
• Positive Sentiment: The company unveiled AIforce, a new interface layer intended to let users access CRM data and AI agents across tools including Claude, Slack and Amazon platforms. Salesforce also introduced Koa, a CRM-specific reasoning model developed with NVIDIA, strengthening its AI product strategy. Salesforce unleashes AIForce
• Positive Sentiment: Salesforce’s $25 billion stock-repurchase program is receiving favorable attention, while Mizuho raised its price target from $265 to $280 and maintained an outperform rating. Stronger Slackbot adoption and expanding Agentforce activity also point to growing customer interest in Salesforce’s AI tools. Salesforce’s $25 billion buyback
• Neutral Sentiment: Partnerships with OpenAI, NVIDIA, AWS, Siemens and Snap expand Salesforce’s distribution and enterprise use cases, including government AI, industrial service and augmented-reality applications. However, the financial contribution from these initiatives remains uncertain. Snap targets enterprises with Salesforce and NVIDIA AI tools
• Negative Sentiment: A widespread Salesforce service outage caused severe delays, intermittent errors or loss of access to parts of its cloud software suite during Dreamforce. The timing raises concerns about reliability and customer experience, overshadowing otherwise positive conference announcements. Salesforce service outages strike Dreamforce

Salesforce Company Profile

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.