Mizuho Raises Salesforce (NYSE:CRM) Price Target to $265.00

Key Points

• Mizuho raised Salesforce’s price target from $250 to $265 and maintained an “outperform” rating, implying approximately 5.67% upside from the stock’s current price.
• Salesforce reported strong quarterly results, with EPS of $5.90 versus the $3.27 consensus estimate and revenue of $11.35 billion, up 10.8% year over year. Management also raised fiscal 2027 guidance.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $260.03, although some firms retained neutral ratings and noted that earnings benefited from substantial investment gains.

Salesforce (NYSE:CRM - Get Free Report) had its target price raised by equities researchers at Mizuho from $250.00 to $265.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the CRM provider's stock. Mizuho's price target would suggest a potential upside of 5.67% from the stock's current price.

A number of other brokerages have also issued reports on CRM. Macquarie Infrastructure dropped their price objective on shares of Salesforce from $200.00 to $190.00 and set a "neutral" rating for the company in a report on Thursday, May 28th. Piper Sandler cut shares of Salesforce from an "overweight" rating to a "neutral" rating in a research report on Thursday, May 28th. Morgan Stanley raised their price target on shares of Salesforce from $185.00 to $235.00 and gave the company an "equal weight" rating in a research note on Thursday. B. Riley Financial lifted their price target on shares of Salesforce from $205.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, May 28th. Finally, Wedbush assumed coverage on Salesforce in a report on Wednesday, July 1st. They issued an "outperform" rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $260.03.

Salesforce Price Performance

Shares of CRM traded up $45.15 during trading hours on Thursday, reaching $250.77. The stock had a trading volume of 42,616,057 shares, compared to its average volume of 13,812,743. 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 12 month low of $146.32 and a 12 month high of $269.11. The stock has a market capitalization of $205.38 billion, a PE ratio of 29.04, a PEG ratio of 1.11 and a beta of 1.16. The company's 50-day moving average is $177.13 and its two-hundred day moving average is $181.60.

Salesforce (NYSE:CRM - Get Free Report) 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. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The business had revenue of $11.35 billion during the quarter, compared to analysts' expectations of $11.33 billion. During the same quarter in the prior year, the firm earned $2.91 EPS. The business'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. Research analysts expect that Salesforce will post 10.27 EPS for the current year.

Institutional Investors Weigh In On Salesforce

Institutional investors and hedge funds have recently made changes to their positions in the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Salesforce in the second quarter valued at approximately $48,110,000. California State Teachers Retirement System increased its stake in shares of Salesforce by 13,260.5% in the 2nd 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. DMC Group LLC lifted its position in shares of Salesforce by 43.5% during the 2nd quarter. DMC Group LLC now owns 2,457 shares of the CRM provider's stock valued at $385,000 after acquiring an additional 745 shares during the period. Ameritas Advisory Services LLC boosted its stake in Salesforce by 154.9% during the second quarter. Ameritas Advisory Services LLC now owns 11,477 shares of the CRM provider's stock worth $1,798,000 after acquiring an additional 6,974 shares in the last quarter. Finally, Guardian Wealth Advisors LLC NC grew its holdings in Salesforce by 7.7% in the second quarter. Guardian Wealth Advisors LLC NC now owns 4,412 shares of the CRM provider's stock worth $691,000 after purchasing an additional 317 shares during the period. 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 reported adjusted Q2 earnings of $5.90 per share, well above the $3.27 consensus estimate, while revenue increased 10.8% year over year to $11.35 billion, slightly ahead of expectations. Salesforce Stock Soars After Strong Results, Raised Outlook
• Positive Sentiment: Management raised fiscal 2027 guidance to $46.1 billion–$46.4 billion in revenue and $16.67–$16.71 in EPS. Q3 EPS guidance of $3.42–$3.44 also exceeded the $3.16 analyst consensus, reinforcing expectations for improving growth and profitability. Salesforce Raises Annual Revenue Forecasts on AI Product Momentum
• Positive Sentiment: Underlying demand indicators were encouraging: current remaining performance obligations accelerated 14% in constant currency, free cash flow grew 81%, and Agentforce and Data 360 annual recurring revenue approached $3.9 billion. Agentforce ARR alone reached approximately $1.5 billion, suggesting customers are moving beyond AI experimentation. Salesforce Q2 Results and the SaaSpocalypse Bear Case
• Positive Sentiment: The expanded Anthropic relationship, branded “Claudeforce,” integrates Claude with Salesforce’s CRM data, workflows, governance, and Agentforce tools. Investors view the partnership as evidence that Salesforce can monetize AI rather than be displaced by it. Salesforce and Anthropic Announce Claudeforce
• Neutral Sentiment: Analysts broadly raised price targets, including Truist at $300 and Needham at $400, although several firms retained neutral or underperform ratings with targets below the current trading level. Salesforce Analyst Target Changes
• Negative Sentiment: Reported profit benefited materially from approximately $2.6 billion in gains on strategic investments, including its Anthropic stake. That makes the earnings beat less representative of recurring operating performance and could temper enthusiasm if investors focus on the one-time benefit. Salesforce Stock Jumps on AI Growth and Investment Gain

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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