Salesforce (NYSE:CRM) Price Target Raised to $300.00

Key Points

• Canaccord Genuity raised Salesforce’s price target from $270 to $300 and maintained a “buy” rating, implying 19.7% potential upside from the stock’s current price.
• Analyst sentiment remains favorable, with Salesforce carrying a consensus “Moderate Buy” rating and an average price target of $269.38; several firms also set targets at or above $300.
• Salesforce reported quarterly EPS of $5.90, significantly exceeding the $3.27 consensus estimate, while revenue reached $11.35 billion and increased 10.8% year over year.

Salesforce (NYSE:CRM - Get Free Report) had its price objective increased by investment analysts at Canaccord Genuity Group from $270.00 to $300.00 in a report released on Thursday, Benzinga reports. The firm presently has a "buy" rating on the CRM provider's stock. Canaccord Genuity Group's target price suggests a potential upside of 19.70% from the stock's current price.

Several other equities research analysts have also commented on the stock. Argus upped their price target on shares of Salesforce from $290.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, August 31st. Evercore reiterated an "outperform" rating on shares of Salesforce in a research report on Thursday, August 27th. Cantor Fitzgerald boosted their price objective on shares of Salesforce from $250.00 to $300.00 and gave the company an "overweight" rating in a research report on Wednesday, September 2nd. CLSA started coverage on Salesforce in a research note on Monday, July 20th. They issued a "hold" rating and a $165.00 price objective for the company. Finally, HSBC raised their target price on Salesforce from $350.00 to $356.00 and gave the stock a "buy" rating in a report on Friday, May 29th. Three research 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 assigned a Sell rating to the stock. According to data from MarketBeat, Salesforce presently has a consensus rating of "Moderate Buy" and an average price target of $269.38.

Salesforce Price Performance

NYSE CRM opened at $250.64 on Thursday. The stock has a market capitalization of $206.27 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.17 and a beta of 1.20. 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 business's fifty day moving average price is $205.81 and its 200-day moving average price is $188.56.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, topping the consensus estimate of $3.27 by $2.63. The company had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.Salesforce's revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, equities analysts predict that Salesforce will post 12.83 earnings per share for the current year.

Insider Buying and Selling at Salesforce

In other news, Director Craig Conway sold 4,500 shares of the company's stock in a transaction dated 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 transaction, the director owned 5,437 shares of the company's stock, valued at $1,416,936.57. This represents a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth Retirement Investments LLC bought a new stake in Salesforce in the 4th quarter valued at $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Salesforce during the fourth quarter worth $34,000. Godfrey Financial Associates Inc. purchased a new stake in Salesforce in the 4th quarter worth about $36,000. Abound Financial LLC bought a new stake in shares of Salesforce during the 4th quarter worth approximately $38,000. Finally, Costello Asset Management INC boosted its position in Salesforce by 410.3% in the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider's stock valued at $28,000 after buying an additional 119 shares during the period. 80.43% of the stock is currently owned by institutional investors.

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 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

Salesforce Company Profile

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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