Salesforce (NYSE:CRM) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Key Points

• Cantor Fitzgerald raised its Salesforce price target to $300 from $250 and maintained an “overweight” rating, implying approximately 16.28% upside from the reported share price.
• Salesforce reported strong quarterly results, with $5.90 in EPS versus the $3.27 consensus estimate and revenue of $11.35 billion, up 10.8% year over year. Analysts collectively rate the stock “Moderate Buy,” with a consensus target of $266.50.
• AI growth is becoming a key catalyst: Agentforce annual recurring revenue exceeded $1.5 billion, up 240% year over year, while new partnerships and products support Salesforce’s AI monetization strategy. However, the stock’s more than 70% rally since June has pushed its RSI above 80, raising near-term overbought and profit-taking risks.

Salesforce (NYSE:CRM - Get Free Report) had its target price hoisted by research analysts at Cantor Fitzgerald from $250.00 to $300.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an "overweight" rating on the CRM provider's stock. Cantor Fitzgerald's target price would suggest a potential upside of 16.28% from the company's current price.

CRM has been the topic of a number of other reports. Royal Bank Of Canada lifted their price target on Salesforce from $210.00 to $250.00 and gave the company a "sector perform" rating in a report on Thursday, August 27th. CLSA started coverage on Salesforce in a research report on Monday, July 20th. They set a "hold" rating and a $165.00 price objective on the stock. Scotiabank lowered Salesforce from a "sector outperform" rating to a "sector perform" rating in a research note on Thursday, June 18th. HC Wainwright lowered shares of Salesforce to a "negative" rating in a research report on Thursday, June 18th. Finally, Wedbush started coverage on shares of Salesforce in a report on Wednesday, July 1st. They issued an "outperform" rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce presently has an average rating of "Moderate Buy" and a consensus target price of $266.50.

Salesforce Price Performance

Shares of CRM opened at $258.00 on Wednesday. The company has a 50 day moving average price of $185.49 and a 200-day moving average price of $183.44. Salesforce has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The stock has a market capitalization of $212.33 billion, a PE ratio of 23.52, a PEG ratio of 1.19 and a beta of 1.20. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $2.63. The company had revenue of $11.35 billion for the quarter, compared to analyst estimates of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. Salesforce's revenue was up 10.8% compared to the same quarter last year. During the same period last 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. Equities analysts predict that Salesforce will post 12.64 earnings per share for the current fiscal year.

Institutional Trading of Salesforce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRM. California State Teachers Retirement System lifted its holdings in shares of Salesforce by 13,260.5% during the second quarter. California State Teachers Retirement System now owns 188,085,056 shares of the CRM provider's stock worth $29,465,405,000 after purchasing an additional 186,677,290 shares during the period. BlackRock Inc. acquired a new position in Salesforce in the 2nd quarter worth approximately $11,396,844,000. State Street Corp raised its position in Salesforce by 1.3% during the 4th quarter. State Street Corp now owns 50,080,230 shares of the CRM provider's stock worth $13,286,909,000 after buying an additional 659,573 shares during the last quarter. J. Stern & Co. LLP raised its position in Salesforce by 24,056.7% during the 4th quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider's stock worth $12,552,896,000 after buying an additional 47,189,352 shares during the last quarter. Finally, Capital International Investors lifted its stake in Salesforce by 13.3% during the 4th quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider's stock valued at $6,019,199,000 after acquiring an additional 2,669,891 shares during the period. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Analyst targets increased: Argus raised its Salesforce price target to $300 from $290 and maintained a Buy rating. TD Cowen also reiterated Buy and increased its target to $300 from $280, signaling additional upside potential in analysts’ models. Argus Increases Salesforce Price Target to $300
• Positive Sentiment: AI momentum is strengthening: Agentforce annual recurring revenue surpassed $1.5 billion and grew 240% year over year. Salesforce also highlighted Claudeforce, its collaboration with Anthropic that integrates Claude’s reasoning capabilities with Salesforce customer data. The developments support the company’s argument that AI can drive higher-value enterprise growth and monetization. Salesforce Bets Its Next Chapter on an AI Partnership
• Positive Sentiment: Product and partnership expansion: Salesforce led an investment in workforce-management platform HiBob to develop AI using organizational data. Separately, Sinch added a Mailgun Inspect email-reputation integration to Salesforce’s AgentExchange marketplace, broadening the AI ecosystem across human resources and marketing workflows. Salesforce Backs Workforce AI and Adds AgentExchange Tool
• Positive Sentiment: Strong fundamentals eased disruption fears: Recent quarterly revenue increased about 11% year over year, future contracted revenue accelerated and customer churn approached record lows. Management also raised its fiscal 2027 outlook, while Northland Securities lifted its full-year EPS forecast to $12.75 from $11.35. Salesforce Q2 2027 Earnings Call Transcript
• Neutral Sentiment: Investor events are scheduled: Salesforce announced upcoming investor events, which could provide additional commentary on AI monetization, platform integration and forward guidance. Salesforce Announces Upcoming Investor Events
• Negative Sentiment: Near-term technical risk remains: After a rally of more than 70% since June, Salesforce’s relative strength index has moved above 80, indicating overbought conditions and the possibility of profit-taking. Northland also reduced its Q3 and Q4 EPS estimates, despite raising its full-year forecast.

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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