Citigroup Issues Positive Forecast for Salesforce (NYSE:CRM) Stock Price

Salesforce (NYSE:CRM) had its price objective increased by Citigroup from $204.00 to $233.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the CRM provider’s stock. Citigroup’s price objective suggests a potential downside of 8.15% from the stock’s current price.

Several other analysts also recently weighed in on the company. HSBC upped their price objective on Salesforce from $350.00 to $356.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. UBS Group boosted their target price on Salesforce from $210.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Salesforce in a report on Thursday. The Goldman Sachs Group reiterated a “buy” rating on shares of Salesforce in a research report on Thursday. Finally, Macquarie Infrastructure cut their target price on shares of Salesforce from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $261.15.

Salesforce Price Performance

Shares of NYSE CRM traded up $48.06 during trading hours on Thursday, hitting $253.68. 48,093,204 shares of the stock were exchanged, compared to its average volume of 13,853,799. The company’s fifty day simple moving average is $177.13 and its two-hundred day simple moving average is $181.60. The company has a market cap of $207.76 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 1.11 and a beta of 1.16. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. Salesforce has a 1-year low of $146.32 and a 1-year high of $269.11.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating the consensus estimate of $3.27 by $2.63. The business had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business earned $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. On average, sell-side analysts predict that Salesforce will post 10.27 EPS for the current year.

Institutional Investors Weigh In On Salesforce

Hedge funds have recently added to or reduced their stakes in the business. Temasek Holdings Private Ltd boosted its position in Salesforce by 3.7% during the fourth quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock valued at $181,143,000 after buying an additional 24,332 shares during the period. SFE Investment Counsel increased its stake in Salesforce by 82.7% in the 4th quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock worth $4,608,000 after purchasing an additional 7,871 shares during the period. Fluent Financial LLC bought a new stake in Salesforce in the second quarter valued at approximately $2,265,000. Secured Retirement Advisors LLC bought a new stake in Salesforce in the first quarter valued at approximately $1,004,000. Finally, Janus Henderson Group PLC boosted its stake in shares of Salesforce by 2.5% during the first quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock valued at $23,846,000 after purchasing an additional 3,125 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Results exceeded expectations: 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 ahead of forecasts. Profit was also helped by a roughly $2.6 billion gain on strategic investments, including the company’s Anthropic stake. Salesforce stock jumps on AI growth and Anthropic investment gain
• Positive Sentiment: Raised guidance supports the rally: Salesforce lifted fiscal 2027 revenue guidance to $46.1 billion-$46.4 billion and EPS guidance to $16.67-$16.71. Third-quarter EPS guidance of $3.42-$3.44 also topped the $3.16 analyst estimate, signaling confidence in continued growth. Salesforce raises annual revenue forecasts on AI product momentum
• Positive Sentiment: AI momentum is easing disruption fears: Current remaining performance obligations accelerated 14% in constant currency, while Agentforce and Data 360 annual recurring revenue approached $3.9 billion. Management said AI usage has surged, strengthening the argument that AI agents can expand Salesforce’s platform rather than replace it. Salesforce Q2 results and the SaaSpocalypse bear case
• Positive Sentiment: Anthropic partnership adds strategic momentum: The new “Claudeforce” integration brings Anthropic’s Claude into Salesforce workflows, data and Agentforce, giving investors a clearer path to monetize enterprise AI. Salesforce and Anthropic announce Claudeforce
• Neutral Sentiment: Analyst reaction is favorable but not unanimous: JPMorgan and Mizuho raised their targets to $265 with bullish ratings, while Truist set $300 and Needham maintained a $400 target. However, UBS, Morgan Stanley and Wells Fargo kept neutral-equivalent ratings with targets below the current trading level; Bernstein raised its target to $195 but retained an underperform rating.
• Negative Sentiment: Valuation and platform risks remain: Some analysts argue the rally may be a temporary rebound after a prolonged decline. Salesforce is again valued above its one-year average, and Anthropic’s control of the AI orchestration layer could limit Salesforce’s long-term strategic leverage. Salesforce dead cat bounce analysis

About Salesforce

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.