Salesforce (NYSE:CRM) Earns Buy Rating from Canaccord Genuity Group

Key Points

• Canaccord Genuity Group reaffirmed a “Buy” rating on Salesforce and set a $225 price target, implying 7.56% upside from the previous close.
• Salesforce reported quarterly EPS of $3.88, beating the $3.13 consensus estimate, while revenue reached $11.13 billion and grew 13.3% year over year.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and average price target of $248.72; institutional investors and hedge funds own 80.43% of the company.

Salesforce (NYSE:CRM - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Canaccord Genuity Group in a report released on Tuesday,Benzinga reports. They presently have a $225.00 price objective on the CRM provider's stock. Canaccord Genuity Group's price target would indicate a potential upside of 7.56% from the company's previous close.

A number of other equities analysts have also issued reports on the stock. Scotiabank lowered shares of Salesforce from a "sector outperform" rating to a "sector perform" rating in a research report on Thursday, June 18th. Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 price target on shares of Salesforce in a research note on Thursday, August 20th. Roth Capital reissued a "buy" rating and set a $325.00 price objective on shares of Salesforce in a research report on Thursday, May 28th. BMO Capital Markets lifted their price objective on shares of Salesforce from $215.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, KeyCorp cut shares of Salesforce from an "overweight" rating to a "sector weight" rating in a report on Wednesday, July 8th. Two investment 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 given a Sell rating to the company. According to MarketBeat, Salesforce presently has an average rating of "Moderate Buy" and a consensus target price of $248.72.

Salesforce Stock Up 0.0%

Salesforce stock opened at $209.19 on Tuesday. The company has a market capitalization of $171.32 billion, a P/E ratio of 24.21, a PEG ratio of 1.13 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 fifty-two week low of $146.32 and a fifty-two week high of $269.11. The stock has a 50-day simple moving average of $175.23 and a 200-day simple moving average of $181.44.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.13 by $0.75. The firm had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.05 billion. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.58 EPS. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Equities research analysts expect that Salesforce will post 10.27 earnings per share for the current year.

Institutional Trading of Salesforce

Several hedge funds have recently made changes to their positions in CRM. Brighton Jones LLC lifted its holdings in shares of Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock valued at $8,582,000 after buying an additional 3,102 shares during the period. Revolve Wealth Partners LLC grew its holdings in Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock worth $611,000 after acquiring an additional 205 shares during the period. Bison Wealth LLC raised its position in Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock worth $747,000 after acquiring an additional 184 shares in the last quarter. Sivia Capital Partners LLC raised its position in Salesforce by 3.7% in the second quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider's stock worth $807,000 after acquiring an additional 106 shares in the last quarter. Finally, United Bank lifted its holdings in Salesforce by 5.2% in the second quarter. United Bank now owns 10,198 shares of the CRM provider's stock valued at $2,781,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 80.43% of the company's stock.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: BTIG reaffirmed its “Buy” rating and set a $255 price target, implying substantial upside from recent trading levels. The bullish view reflects confidence in Salesforce’s AI opportunity and valuation. Benzinga
• Positive Sentiment: Salesforce’s substantial share-repurchase program is being cited as a source of support for earnings per share and valuation. Analysts also point to disciplined spending, AI-led growth and a relatively modest valuation as potential catalysts for an upside earnings surprise. Salesforce Forcing Itself Higher Through Massive Buybacks And AI-Led Growth
• Positive Sentiment: Several investment analyses describe Salesforce as an undervalued way to participate in enterprise AI, despite slower growth. Expectations call for approximately 10.6% revenue growth, supported by AI-cloud demand, acquisitions and cost control. Salesforce Set to Report Q2 Earnings
• Neutral Sentiment: Salesforce is scheduled to report fiscal Q2 results on Wednesday. Investors will watch bookings, remaining performance obligations, guidance and evidence that AI products are improving growth. What to expect from Salesforce’s Q2 earnings
• Neutral Sentiment: The recent rally has brought CRM to a key resistance zone near $210, corresponding with its June high. A strong earnings reaction could determine whether the advance continues or stalls. Salesforce stock hits a crucial resistance ahead of earnings
• Negative Sentiment: The main risk is that Salesforce’s slower underlying growth fails to reaccelerate. Any weak guidance, limited AI monetization or signs that software demand remains pressured could lead investors to take profits after the pre-earnings rally. Salesforce earnings due: Will sales growth reacceleration hold up?

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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