Salesforce (NYSE:CRM) Price Target Raised to $250.00

Salesforce (NYSE:CRM) had its price target hoisted by Wells Fargo & Company from $230.00 to $250.00 in a research report released on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the CRM provider’s stock.

A number of other equities analysts have also commented on CRM. Susquehanna initiated coverage on shares of Salesforce in a report on Wednesday, July 1st. They set a “neutral” rating on the stock. JPMorgan Chase & Co. raised their target price on Salesforce from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. BTIG Research reaffirmed a “buy” rating and set a $300.00 target price on shares of Salesforce in a report on Wednesday, September 2nd. BMO Capital Markets upped their price target on Salesforce from $250.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Phillip Securities downgraded Salesforce from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $253.00 to $166.00 in a research report on Monday, June 29th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $275.14.

Salesforce Price Performance

Salesforce stock opened at $237.56 on Friday. The stock has a 50-day moving average price of $208.91 and a two-hundred day moving average price of $189.22. Salesforce has a 12 month low of $146.32 and a 12 month high of $269.11. The company has a market capitalization of $195.51 billion, a PE ratio of 21.66, a P/E/G ratio of 1.09 and a beta of 1.20. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The company had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. During the same quarter in the prior year, the firm posted $2.91 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Analysts expect that Salesforce will post 12.82 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $1.76 annualized dividend and a yield of 0.7%. Salesforce’s payout ratio is 16.04%.

Insider Activity at Salesforce

In other news, Director Craig Conway sold 4,500 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director 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 sale was disclosed in a filing with the SEC, which is available through this link. 3.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Salesforce

Several hedge funds and other institutional investors have recently bought and sold shares of CRM. Security National Bank of Sioux City Iowa IA bought a new position in shares of Salesforce during the 2nd quarter worth about $52,000. Wellington Altus USA Inc. raised its stake in Salesforce by 117.2% during the 2nd quarter. Wellington Altus USA Inc. now owns 315 shares of the CRM provider’s stock worth $49,000 after buying an additional 170 shares during the period. Anchor Investment Management LLC raised its stake in Salesforce by 184.5% during the 2nd quarter. Anchor Investment Management LLC now owns 17,983 shares of the CRM provider’s stock worth $2,817,000 after buying an additional 11,663 shares during the period. Marathon Wealth Advisors LLC boosted its holdings in Salesforce by 1.2% in the second quarter. Marathon Wealth Advisors LLC now owns 21,267 shares of the CRM provider’s stock worth $3,332,000 after acquiring an additional 260 shares in the last quarter. Finally, ABS Direct Equity Fund LLC bought a new position in Salesforce in the second quarter worth approximately $25,000. 80.43% of the stock is owned by institutional investors.

Key Stories Impacting Salesforce

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 market expectations. Management said artificial intelligence, data products and higher customer spending should support long-term growth and help counter fears that AI could disrupt its core software business. Salesforce issues revenue target of over $63 billion for fiscal 2030
• Positive Sentiment: Several firms raised their price targets, including Stifel, Canaccord Genuity, BMO Capital Markets, Citizens JMP, Stephens and Wells Fargo. Targets generally range from $250 to $315, reflecting optimism that Agentforce and other AI products can accelerate revenue and customer expansion. Six Analysts Turn Bullish on Salesforce
• Positive Sentiment: BNP Paribas described business activity as improving, while Salesforce’s broader AIforce strategy connects CRM data with partners including Google Cloud, Anthropic, Nvidia and Snap. These relationships could increase Agentforce usage and strengthen Salesforce’s enterprise ecosystem.
• Neutral Sentiment: Salesforce unveiled Koa, its first internally developed AI model for CRM reasoning, and AIforce, a platform intended to make CRM data available across multiple applications. However, Koa is not yet broadly available, limiting its immediate effect on revenue or earnings. Why Salesforce’s Homegrown AI Model Won’t Move the Stock Until 2027
• Negative Sentiment: UBS said AIforce could drive usage but cautioned that its pricing is currently too high. Investors therefore remain uncertain whether Agentforce adoption will translate into substantial incremental revenue and acceptable customer returns. Salesforce’s AIforce Offering has Potential to Drive Usage but Price Point is Too High
• Negative Sentiment: The stock has rallied sharply toward its 52-week high, so investors may be taking profits while waiting for proof of near-term AI monetization. A recent system outage and mixed partner feedback on pricing add to execution concerns. Why Salesforce Stock Dropped Despite Analysts Boosting Targets

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.