Cantor Fitzgerald Reaffirms Overweight Rating for Salesforce (NYSE:CRM)

Salesforce (NYSE:CRM)‘s stock had its “overweight” rating reaffirmed by stock analysts at Cantor Fitzgerald in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $300.00 price target on the CRM provider’s stock. Cantor Fitzgerald‘s price target points to a potential upside of 23.57% from the company’s previous close.

CRM has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft began coverage on Salesforce in a research note on Monday, October 12th. They issued a “buy” rating on the stock. Truist Financial reiterated a “buy” rating and set a $300.00 price target (up from $280.00) on shares of Salesforce in a research note on Thursday, August 27th. Yorkville Ives began coverage on Salesforce in a research note on Monday, October 5th. They set an “outperform” rating and a $290.00 price target for the company. Canaccord Genuity Group upped their price target on Salesforce from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Finally, BTIG Research reiterated a “buy” rating and set a $300.00 price target on shares of Salesforce in a research note on Wednesday, September 2nd. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $278.40.

Salesforce Stock Performance

Shares of NYSE CRM opened at $242.77 on Wednesday. The business’s 50-day moving average price is $233.29 and its two-hundred day moving average price is $195.68. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. Salesforce has a one year low of $146.32 and a one year high of $269.11. The company has a market capitalization of $199.80 billion, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 1.10 and a beta of 1.26.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The firm had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.33 billion. During the same quarter in the previous year, the company posted $2.91 earnings per share. The business’s quarterly 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 anticipate that Salesforce will post 12.82 earnings per share for the current fiscal year.

Insider Activity at Salesforce

In other Salesforce news, Director David Blair Kirk bought 4,176 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The stock was purchased at an average price of $239.33 per share, for a total transaction of $999,442.08. Following the purchase, the director directly owned 18,748 shares in the company, valued at $4,486,958.84. This trade represents a 28.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Craig Conway sold 4,500 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $260.61, for a total value of $1,172,745.00. Following the sale, the director owned 5,437 shares of the company’s stock, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their position. The SEC filing for this sale provides additional information. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of Salesforce

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Salesforce in the 2nd quarter worth $11,396,844,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Salesforce by 130.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock worth $2,363,096,000 after purchasing an additional 7,160,302 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Salesforce in the 2nd quarter worth $1,914,086,000. Legal & General Group Plc bought a new position in shares of Salesforce in the 2nd quarter worth $927,332,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Salesforce in the 2nd quarter worth $844,928,000. Institutional investors own 80.43% of the company’s stock.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce will acquire Braze for approximately $5.66 billion in enterprise value, with Braze shareholders receiving $47.50 in cash per Class A share. Braze’s real-time customer-engagement tools could strengthen Salesforce’s marketing cloud, improve customer personalization and create cross-selling opportunities across its CRM platform. Salesforce Signs Definitive Agreement to Acquire Braze
• Positive Sentiment: The transaction reinforces Salesforce’s broader AI strategy. Investors have recently rewarded evidence of improving growth, including rising remaining performance obligations and annual recurring revenue from Salesforce’s AI and data products approaching $4 billion. Braze could provide another channel for that growth. What Did Salesforce Stock Investors Miss Before The Run?
• Neutral Sentiment: The acquisition places customer-engagement and AI marketing software in greater focus across the sector. Braze surged and rival Klaviyo also gained, suggesting investors see strategic value in the category, although the benefits to Salesforce will depend on successful integration and customer adoption. Salesforce to acquire Braze in a $5.66 billion deal
• Negative Sentiment: CRM’s decline reflects concerns about paying a substantial premium—$47.50 represents roughly 58% above Braze’s previous closing price—and whether the acquisition can generate sufficient returns. The all-cash transaction also increases near-term capital-allocation and execution risk while Salesforce works to reaccelerate growth.
• Negative Sentiment: The announcement follows a roughly 42.8% Salesforce rally from July 21 through October 19, leaving the stock vulnerable to profit-taking and higher expectations. Investors may now want clearer details on synergies, financing and the deal’s effect on Salesforce’s earnings outlook before assigning further upside.

About Salesforce

Salesforce, Inc (NYSE: CRM) is a global enterprise software company that provides cloud-based customer relationship management (CRM) technology. Its platform helps organizations manage sales, customer service, marketing, commerce, data, analytics and interactions with customers across digital and traditional channels.

The company’s products include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud and Data Cloud. Salesforce also offers Tableau for data visualization and analytics, MuleSoft for application integration, and Slack for workplace collaboration.