Salesforce’s (CRM) “Overweight” Rating Reiterated at Cantor Fitzgerald

Salesforce (NYSE:CRM)‘s stock had its “overweight” rating reaffirmed by stock analysts at Cantor Fitzgerald in a research report issued on Wednesday, Marketbeat.com reports. They currently have a $300.00 price target on the CRM provider’s stock. Cantor Fitzgerald‘s price objective would indicate a potential upside of 21.53% from the company’s current price.

CRM has been the subject of several other reports. JPMorgan Chase & Co. upped their target price on Salesforce from $250.00 to $265.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. Phillip Securities downgraded shares of Salesforce from a “buy” rating to a “hold” rating and decreased their price target for the stock from $253.00 to $166.00 in a research note on Monday, June 29th. Weiss Ratings raised Salesforce from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, September 24th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Salesforce in a report on Thursday, August 27th. Finally, BTIG Research reiterated a “buy” rating and issued a $300.00 price objective on shares of Salesforce in a report on Wednesday, September 2nd. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $278.98.

Salesforce Trading Down 1.4%

Shares of NYSE:CRM traded down $3.43 during trading hours on Wednesday, hitting $246.86. 2,939,918 shares of the company’s stock traded hands, compared to its average volume of 13,381,043. The business has a fifty day moving average price of $235.24 and a 200-day moving average price of $196.52. Salesforce has a 1 year low of $146.32 and a 1 year high of $269.11. 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 firm has a market capitalization of $203.16 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 1.10 and a beta of 1.26.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The company had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.33 billion. During the same period in the prior year, the firm earned $2.91 earnings per share. The firm’s revenue for the quarter 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. Equities analysts expect that Salesforce will post 12.82 earnings per share for the current year.

Insider Activity

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

Institutional Trading of Salesforce

Several large investors have recently added to or reduced their stakes in CRM. Costello Asset Management INC grew its stake in shares of Salesforce by 410.3% in the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after buying an additional 119 shares in the last quarter. ABS Investment Management LLC purchased a new stake in shares of Salesforce during the 2nd quarter valued at about $610,974,000. ABS Direct Equity Fund LLC acquired a new position in Salesforce during the 2nd quarter worth approximately $25,000. Manning & Napier Advisors LLC purchased a new position in Salesforce in the 2nd quarter worth approximately $26,000. Finally, Persistent Asset Partners Ltd purchased a new position in Salesforce in the 2nd quarter worth approximately $27,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce’s AI products are reportedly growing at triple-digit rates, creating optimism that autonomous AI agents could expand the company’s growth opportunity and improve the stock’s valuation. Salesforce Is Betting Big on AI. The Payoff Could Be Bigger Than Investors Expect
• Positive Sentiment: Cantor Fitzgerald reaffirmed an “Overweight” rating, signaling continued confidence in Salesforce’s prospects despite recent concerns about software-sector growth. Salesforce Stock Rating Reaffirmed as Overweight by Cantor Fitzgerald
• Positive Sentiment: Salesforce’s proposed acquisition of Braze is viewed as a strategic expansion into customer engagement and marketing technology. UBS considers the roughly $5.7 billion deal reasonably priced and believes it could strengthen Salesforce’s competitive position. Salesforce’s Braze Deal Wins UBS Backing on Strategy
• Positive Sentiment: Comparisons with Arista Networks, Snowflake, Oracle and Autodesk highlight Salesforce’s scale, leadership in cloud CRM and emphasis on profitable growth, supporting the view that CRM may offer attractive value relative to other technology stocks. Salesforce vs. Snowflake
• Neutral Sentiment: Recent trading has reflected a broader rebound in beaten-down enterprise software shares, with investors selectively buying companies previously pressured by AI disruption fears. Beaten-Down Software Names Rebound
• Negative Sentiment: While Braze adds a faster-growing platform, analysts warn the acquisition could renew questions about Salesforce’s organic growth and its ability to translate AI investment into sustainable cash flow. Salesforce’s $5.6B Braze Buyout

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.