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

Key Points

• Cantor Fitzgerald reaffirmed its Overweight rating on Salesforce and maintained a $250 price target, implying approximately 21% upside from the stock’s current price.
• Salesforce reported quarterly adjusted EPS of $5.90, well above the $3.27 consensus estimate, while revenue reached $11.35 billion, up 10.8% year over year and slightly exceeding forecasts.
• Analyst sentiment remains positive, with Salesforce carrying a consensus “Moderate Buy” rating and an average price target of $250.49; institutional investors own about 80.4% of the company.

Salesforce (NYSE:CRM - Get Free Report)'s stock had its "overweight" rating reaffirmed by equities research analysts at Cantor Fitzgerald in a report released on Thursday,Benzinga reports. They presently have a $250.00 price target on the CRM provider's stock. Cantor Fitzgerald's price target would indicate a potential upside of 21.35% from the stock's current price.

Several other equities analysts have also recently commented on the stock. Macquarie Infrastructure lowered their price target on shares of Salesforce from $200.00 to $190.00 and set a "neutral" rating on the stock in a report on Thursday, May 28th. JPMorgan Chase & Co. started coverage on Salesforce in a report on Thursday, August 13th. They issued an "overweight" rating and a $250.00 price objective on the stock. Barclays reissued an "overweight" rating on shares of Salesforce in a research report on Thursday. Citigroup restated a "market outperform" rating on shares of Salesforce in a report on Tuesday. Finally, Susquehanna began coverage on Salesforce in a report on Wednesday, July 1st. They set a "neutral" rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $250.49.

Salesforce Stock Performance

CRM stock opened at $206.01 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $168.72 billion, a P/E ratio of 23.84, a P/E/G ratio of 1.11 and a beta of 1.16. The firm has a 50 day simple moving average of $177.13 and a 200 day simple moving average of $181.60. Salesforce has a 52 week low of $146.32 and a 52 week high of $269.11.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating analysts' consensus estimates of $3.27 by $2.63. The firm had revenue of $11.35 billion for 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 firm's revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $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. Research analysts anticipate that Salesforce will post 10.27 earnings per share for the current fiscal year.

Institutional Trading of Salesforce

Several large investors have recently made changes to their positions in the business. Temasek Holdings Private Ltd grew its holdings in Salesforce by 3.7% during the 4th 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 in the last quarter. SFE Investment Counsel increased its holdings in Salesforce by 82.7% during the 4th quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider's stock worth $4,608,000 after acquiring an additional 7,871 shares during the period. Fluent Financial LLC purchased a new stake in Salesforce in the 2nd quarter worth approximately $2,265,000. Secured Retirement Advisors LLC bought a new position in Salesforce in the 1st quarter valued at $1,004,000. Finally, Janus Henderson Group PLC grew its position in shares of Salesforce by 2.5% during the 1st 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 in the last quarter. Institutional investors own 80.43% of the company's stock.

Key Stories Impacting Salesforce

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, slightly above forecasts. Salesforce Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Higher full-year outlook signals confidence. Salesforce raised fiscal 2027 guidance to $46.1 billion-$46.4 billion in revenue and $16.67-$16.71 in EPS. Its third-quarter EPS forecast of $3.42-$3.44 also exceeds the $3.16 analyst estimate. Salesforce Raises Annual Revenue Forecasts
• Positive Sentiment: AI adoption is becoming a growth catalyst. Agentforce annual recurring revenue reached $1.5 billion, and management said AI usage on the platform has increased sixfold. The figures support Salesforce’s argument that autonomous agents are expanding—not undermining—its CRM ecosystem. Salesforce Q2 Earnings Call Highlights
• Positive Sentiment: Expanded Anthropic partnership strengthens the AI narrative. The new “Claudeforce” integration brings Anthropic’s Claude into Salesforce workflows, data and business processes, potentially increasing enterprise engagement and supporting the company’s competitive positioning. Salesforce and Anthropic Announce Claudeforce
• Positive Sentiment: Analyst support adds momentum. Citizens JMP reiterated a Market Outperform rating with a $315 target, while Canaccord maintained a Buy rating and a $225 target. Citizens JMP Market Outperform Rating
• Neutral Sentiment: Broader technology sentiment also improved after Nvidia delivered strong results and an optimistic AI outlook, lifting confidence in continued enterprise AI spending. Nvidia Outlook Boosts Markets
• Negative Sentiment: Investors remain sensitive to whether AI agents could eventually cannibalize traditional software revenue, and software stocks continue to face elevated volatility. Salesforce’s forecast also includes expected acquisitions, making organic growth an important metric to monitor.

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.

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