Salesforce (NYSE:CRM) Price Target Raised to $266.00 at Monness Crespi & Hardt

Key Points

• Monness Crespi & Hardt raised Salesforce’s price target from $222 to $266 and maintained a “buy” rating, implying roughly 29% upside from the cited share price.
• Salesforce exceeded quarterly expectations, reporting $5.90 in EPS versus a $3.27 consensus and $11.35 billion in revenue, up 10.8% year over year. The company also issued higher fiscal 2027 guidance.
• Analyst sentiment remains broadly positive, with Salesforce carrying a “Moderate Buy” consensus rating and an average target of $250.49, though investors continue to monitor AI-related disruption risks and the quality of growth from acquisitions.

Salesforce (NYSE:CRM - Get Free Report) had its price target upped by Monness Crespi & Hardt from $222.00 to $266.00 in a research note issued on Thursday. The brokerage presently has a "buy" rating on the CRM provider's stock. Monness Crespi & Hardt's price objective suggests a potential upside of 29.12% from the company's current price.

Several other equities analysts have also weighed in on the stock. Roth Capital reiterated a "buy" rating and issued a $325.00 target price on shares of Salesforce in a report on Thursday, May 28th. Bank of America assumed coverage on shares of Salesforce in a report on Monday, May 18th. They set an "underperform" rating and a $160.00 price target for the company. Macquarie Infrastructure decreased their price objective on Salesforce from $200.00 to $190.00 and set a "neutral" rating on the stock in a report on Thursday, May 28th. Royal Bank Of Canada lowered Salesforce from a "sector perform" rating to a "sector perform" rating in a research report on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft set a $315.00 target price on Salesforce in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Salesforce currently has an average rating of "Moderate Buy" and an average target price of $250.49.

Salesforce Stock Up 0.2%

Shares of CRM opened at $206.01 on Thursday. Salesforce has a 52-week low of $146.32 and a 52-week high of $269.11. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. The stock has a fifty day simple moving average of $177.13 and a two-hundred day simple moving average of $181.60. The company has a market capitalization of $168.72 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.11 and a beta of 1.16.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings results 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. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The firm had revenue of $11.35 billion for the quarter, compared to analysts' expectations of $11.33 billion. During the same quarter in the previous year, the company posted $2.91 EPS. The company's revenue 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. As a group, equities analysts forecast that Salesforce will post 10.27 EPS for the current year.

Hedge Funds Weigh In On Salesforce

Several institutional investors have recently bought and sold shares of CRM. Fred Alger Management LLC lifted its stake in Salesforce by 0.3% in the third quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider's stock valued at $3,548,000 after buying an additional 45 shares during the last quarter. Synergy Financial Group LTD grew its position in shares of Salesforce by 2.4% during the third quarter. Synergy Financial Group LTD now owns 2,035 shares of the CRM provider's stock worth $482,000 after acquiring an additional 48 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in shares of Salesforce by 35.4% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 199 shares of the CRM provider's stock worth $53,000 after acquiring an additional 52 shares during the last quarter. Krane Funds Advisors LLC increased its holdings in shares of Salesforce by 0.7% in the 4th quarter. Krane Funds Advisors LLC now owns 8,254 shares of the CRM provider's stock valued at $2,187,000 after acquiring an additional 57 shares during the period. Finally, HBW Advisory Services LLC raised its position in Salesforce by 0.4% in the 1st quarter. HBW Advisory Services LLC now owns 13,098 shares of the CRM provider's stock valued at $2,445,000 after purchasing an additional 57 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

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.

Salesforce Company Profile

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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