Salesforce (NYSE:CRM) Price Target Raised to $250.00

Key Points

• Wells Fargo raised Salesforce’s price target from $230 to $250 while maintaining an “equal weight” rating, implying approximately 2.73% upside from the prior close.
• Analyst opinions remain mixed, but MarketBeat data shows a consensus “Moderate Buy” rating and an average price target of $274.80, with recent targets ranging from $166 to $300.
• Salesforce exceeded quarterly earnings expectations, reporting $5.90 in EPS versus the $3.27 consensus and $11.35 billion in revenue; however, investors remain focused on AI monetization, execution risks and a recent service outage.

Salesforce (NYSE:CRM - Get Free Report) had its price objective upped by analysts at Wells Fargo & Company from $230.00 to $250.00 in a research note issued on Friday, Benzinga reports. The firm presently has an "equal weight" rating on the CRM provider's stock. Wells Fargo & Company's price target indicates a potential upside of 2.73% from the company's previous close.

CRM has been the subject of several other research reports. HC Wainwright lowered shares of Salesforce to a "negative" rating in a report on Thursday, June 18th. Phillip Securities downgraded shares of Salesforce from a "buy" rating to a "hold" rating and decreased their price objective for the company from $253.00 to $166.00 in a report on Monday, June 29th. Weiss Ratings upgraded shares of Salesforce from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, August 12th. Canaccord Genuity Group boosted their target price on shares of Salesforce from $270.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price target on shares of Salesforce from $250.00 to $265.00 and gave the stock an "overweight" rating in a research report on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $274.80.

Salesforce Price Performance

Shares of Salesforce stock opened at $243.35 on Friday. The firm has a market cap of $200.28 billion, a PE ratio of 22.18, a P/E/G ratio of 1.14 and a beta of 1.20. Salesforce has a twelve month low of $146.32 and a twelve month high of $269.11. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The business has a 50-day moving average price of $207.43 and a 200 day moving average price of $188.91.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly 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 company had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.Salesforce's revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business 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. Sell-side analysts predict that Salesforce will post 12.82 earnings per share for the current fiscal year.

Insider Transactions at Salesforce

In other Salesforce news, Director Craig Conway sold 4,500 shares of the firm's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $260.61, for a total value of $1,172,745.00. Following the completion of the sale, the director directly owned 5,437 shares of the company's stock, valued at $1,416,936.57. This trade represents a 45.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Salesforce

Institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Retirement Investments LLC bought a new stake in Salesforce during the fourth quarter worth approximately $25,000. ABS Direct Equity Fund LLC acquired a new stake in shares of Salesforce during the 2nd quarter valued at $25,000. Manning & Napier Advisors LLC bought a new stake in shares of Salesforce during the 2nd quarter worth $26,000. Persistent Asset Partners Ltd acquired a new position in shares of Salesforce in the 2nd quarter worth $27,000. Finally, Costello Asset Management INC lifted its holdings in shares of Salesforce by 410.3% during the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider's stock valued at $28,000 after purchasing an additional 119 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about 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 suggests management believes Agentforce, AIforce and data products can accelerate growth while easing concerns that AI will disrupt Salesforce’s core software business. Salesforce issues revenue target of over $63 billion for fiscal 2030, beating estimates
• Positive Sentiment: Analysts responded favorably, with Stifel, Canaccord Genuity, BMO Capital Markets and Freedom Broker raising price targets, generally to $285-$300 and maintaining bullish ratings. The upgrades reflect expectations for AI monetization and stronger new-order growth. CRM Stock Drops Despite Fresh Price Target Hikes
• Positive Sentiment: Salesforce is expanding its AI ecosystem through integrations with Google Gemini, Anthropic’s Claude, OpenAI and Nvidia technology. The company also introduced Koa, a CRM-focused reasoning model, and announced an enterprise partnership with Snap for augmented-reality tools. These efforts could increase usage of Salesforce data and Agentforce. Google Cloud, Salesforce Tie Gemini Enterprise to Agentforce and CRM Data
• Neutral Sentiment: At Dreamforce, business leaders said currently available AI models are sufficient for their needs. This supports near-term adoption but may limit demand for constantly upgraded models and underscores the challenge of converting AI interest into premium pricing. AI safety debate meets reality at Dreamforce
• Negative Sentiment: A widespread Salesforce service outage during Dreamforce hurt investor confidence by highlighting reliability and execution risks at a critical customer event. Salesforce Service Outages Strike on Day 2 of Dreamforce Conference
• Negative Sentiment: Investors remain cautious about Agentforce’s return on investment, pricing and the portion of Claude-related revenue Salesforce will capture. After a rapid run toward its 52-week high, profit-taking may also be contributing to the decline.

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.

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