Salesforce (NYSE:CRM) Receives Buy Rating from BTIG Research

Salesforce (NYSE:CRM)‘s stock had its “buy” rating reaffirmed by investment analysts at BTIG Research in a research note issued on Wednesday, Benzinga reports. They presently have a $300.00 price target on the CRM provider’s stock. BTIG Research’s price target would suggest a potential upside of 16.28% from the stock’s current price.

Other equities analysts have also issued research reports about the company. CLSA started coverage on Salesforce in a research note on Monday, July 20th. They issued a “hold” rating and a $165.00 price target on the stock. Susquehanna began coverage on shares of Salesforce in a research note on Wednesday, July 1st. They set a “neutral” rating for the company. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 target price on shares of Salesforce in a report on Thursday, August 27th. Guggenheim reissued a “buy” rating and issued a $228.00 target price on shares of Salesforce in a research report on Thursday, August 27th. Finally, Phillip Securities lowered shares of Salesforce from a “buy” rating to a “hold” rating and cut their price target for the company from $253.00 to $166.00 in a report on Monday, June 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and a consensus price target of $266.50.

Salesforce Price Performance

Shares of NYSE:CRM opened at $258.00 on Wednesday. The company has a market capitalization of $212.33 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a fifty day moving average of $185.49 and a 200-day moving average of $183.44. Salesforce has a one year low of $146.32 and a one year high of $269.11.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $2.63. The business had revenue of $11.35 billion for the quarter, compared to analysts’ expectations of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $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, equities analysts anticipate that Salesforce will post 12.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Salesforce

Several large investors have recently made changes to their positions in the company. California State Teachers Retirement System raised its position in Salesforce by 13,260.5% during the second quarter. California State Teachers Retirement System now owns 188,085,056 shares of the CRM provider’s stock valued at $29,465,405,000 after acquiring an additional 186,677,290 shares in the last quarter. BlackRock Inc. acquired a new stake in Salesforce in the second quarter valued at approximately $11,396,844,000. State Street Corp grew its position in Salesforce by 1.3% in the fourth quarter. State Street Corp now owns 50,080,230 shares of the CRM provider’s stock worth $13,286,909,000 after acquiring an additional 659,573 shares in the last quarter. J. Stern & Co. LLP grew its position in Salesforce by 24,056.7% in the fourth quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock worth $12,552,896,000 after acquiring an additional 47,189,352 shares in the last quarter. Finally, Capital International Investors increased its stake in shares of Salesforce by 13.3% during the 4th quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider’s stock worth $6,019,199,000 after purchasing an additional 2,669,891 shares during the last quarter. 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: Analyst targets increased: Argus raised its Salesforce price target to $300 from $290 and maintained a Buy rating. TD Cowen also reiterated Buy and increased its target to $300 from $280, signaling additional upside potential in analysts’ models. Argus Increases Salesforce Price Target to $300
• Positive Sentiment: AI momentum is strengthening: Agentforce annual recurring revenue surpassed $1.5 billion and grew 240% year over year. Salesforce also highlighted Claudeforce, its collaboration with Anthropic that integrates Claude’s reasoning capabilities with Salesforce customer data. The developments support the company’s argument that AI can drive higher-value enterprise growth and monetization. Salesforce Bets Its Next Chapter on an AI Partnership
• Positive Sentiment: Product and partnership expansion: Salesforce led an investment in workforce-management platform HiBob to develop AI using organizational data. Separately, Sinch added a Mailgun Inspect email-reputation integration to Salesforce’s AgentExchange marketplace, broadening the AI ecosystem across human resources and marketing workflows. Salesforce Backs Workforce AI and Adds AgentExchange Tool
• Positive Sentiment: Strong fundamentals eased disruption fears: Recent quarterly revenue increased about 11% year over year, future contracted revenue accelerated and customer churn approached record lows. Management also raised its fiscal 2027 outlook, while Northland Securities lifted its full-year EPS forecast to $12.75 from $11.35. Salesforce Q2 2027 Earnings Call Transcript
• Neutral Sentiment: Investor events are scheduled: Salesforce announced upcoming investor events, which could provide additional commentary on AI monetization, platform integration and forward guidance. Salesforce Announces Upcoming Investor Events
• Negative Sentiment: Near-term technical risk remains: After a rally of more than 70% since June, Salesforce’s relative strength index has moved above 80, indicating overbought conditions and the possibility of profit-taking. Northland also reduced its Q3 and Q4 EPS estimates, despite raising its full-year forecast.

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.