Salesforce (NYSE:CRM) Earns Overweight Rating from Cantor Fitzgerald

Key Points

• Cantor Fitzgerald reiterated its “overweight” rating on Salesforce and set a $300 price target, implying approximately 19.7% upside from the current price. MarketBeat’s consensus view is “Moderate Buy,” with an average target of $269.38.
• Salesforce reported quarterly EPS of $5.90, well above the $3.27 consensus estimate, while revenue reached $11.35 billion and increased 10.8% year over year.
• The company’s AI strategy and more than $63 billion fiscal 2030 revenue target have supported investor sentiment, although a major service outage during Dreamforce raised concerns about platform reliability and customer experience.

Salesforce (NYSE:CRM - Get Free Report)'s stock had its "overweight" rating reiterated by research analysts at Cantor Fitzgerald in a note issued to investors on Thursday, Benzinga reports. They presently have a $300.00 price objective on the CRM provider's stock. Cantor Fitzgerald's price target suggests a potential upside of 19.70% from the stock's current price.

Several other equities research analysts have also recently weighed in on CRM. Citigroup reaffirmed a "neutral" rating on shares of Salesforce in a research report on Thursday. Macquarie Infrastructure cut their price target 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. Needham & Company LLC reiterated a "buy" rating on shares of Salesforce in a research report on Thursday. Scotiabank downgraded shares of Salesforce from a "sector outperform" rating to a "sector perform" rating in a research report on Thursday, June 18th. Finally, HSBC upped their target price on Salesforce from $350.00 to $356.00 and gave the stock a "buy" rating in a research note on Friday, May 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $269.38.

Salesforce Trading Down 2.0%

Shares of NYSE:CRM opened at $250.64 on Thursday. The business's 50 day simple moving average is $205.81 and its 200 day simple moving average is $188.56. Salesforce has a 1 year low of $146.32 and a 1 year high of $269.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $206.27 billion, a P/E ratio of 22.85, a P/E/G ratio of 1.17 and a beta of 1.20.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating the consensus estimate of $3.27 by $2.63. The firm had revenue of $11.35 billion during 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. On average, research analysts anticipate that Salesforce will post 12.83 EPS for the current fiscal year.

Insider Activity

In other news, Director Craig Conway sold 4,500 shares of the company's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the completion of the transaction, the director directly owned 5,437 shares in the company, valued at approximately $1,416,936.57. This represents a 45.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.50% of the company's stock.

Hedge Funds Weigh In On Salesforce

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in Salesforce in the 2nd quarter valued at approximately $11,396,844,000. Bank of America Corp DE bought a new stake in Salesforce during the 2nd quarter worth approximately $1,914,086,000. Norges Bank bought a new stake in Salesforce during the 4th quarter worth approximately $3,182,951,000. Arrowstreet Capital Limited Partnership increased its position in Salesforce by 130.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider's stock valued at $2,363,096,000 after acquiring an additional 7,160,302 shares during the period. Finally, Legal & General Group Plc acquired a new position in Salesforce in the 2nd quarter valued at approximately $927,332,000. Institutional investors and hedge funds own 80.43% of the company's stock.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce set a fiscal 2030 revenue target of more than $63 billion, above analyst expectations. The forecast helped ease concerns that generative AI could disrupt Salesforce’s core software business and suggested that Agentforce and other AI offerings can support renewed growth. Salesforce issues revenue target of over $63 billion
• Positive Sentiment: The company unveiled AIforce, a new interface layer intended to let users access CRM data and AI agents across tools including Claude, Slack and Amazon platforms. Salesforce also introduced Koa, a CRM-specific reasoning model developed with NVIDIA, strengthening its AI product strategy. Salesforce unleashes AIForce
• Positive Sentiment: Salesforce’s $25 billion stock-repurchase program is receiving favorable attention, while Mizuho raised its price target from $265 to $280 and maintained an outperform rating. Stronger Slackbot adoption and expanding Agentforce activity also point to growing customer interest in Salesforce’s AI tools. Salesforce’s $25 billion buyback
• Neutral Sentiment: Partnerships with OpenAI, NVIDIA, AWS, Siemens and Snap expand Salesforce’s distribution and enterprise use cases, including government AI, industrial service and augmented-reality applications. However, the financial contribution from these initiatives remains uncertain. Snap targets enterprises with Salesforce and NVIDIA AI tools
• Negative Sentiment: A widespread Salesforce service outage caused severe delays, intermittent errors or loss of access to parts of its cloud software suite during Dreamforce. The timing raises concerns about reliability and customer experience, overshadowing otherwise positive conference announcements. Salesforce service outages strike Dreamforce

About Salesforce

Salesforce, Inc is a cloud-based software company that provides customer relationship management (CRM) technology and related enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, data analytics and business operations through subscription-based software and cloud services.

The company's product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Data Cloud and the Salesforce Platform. Salesforce also offers Slack for workplace collaboration, Tableau for data visualization and analytics, MuleSoft for application integration, and artificial intelligence capabilities, including its Agentforce platform for building and deploying AI agents.

Founded in 1999, Salesforce is headquartered in San Francisco, California, and serves businesses and organizations across a broad range of industries and geographic markets worldwide.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.