Cantor Fitzgerald Reaffirms Overweight Rating for Salesforce (NYSE:CRM)

Key Points

• Cantor Fitzgerald has reiterated its "overweight" rating for Salesforce (NYSE: CRM) with a target price of $325.00, representing a potential upside of 28.7% from the current stock price.
• Salesforce's recent quarterly earnings showed an EPS of $2.91, exceeding the consensus estimate of $2.78, with revenue of $10.24 billion, up 9.8% year-over-year.
• Insider activity has seen CEO Marc Benioff sell 2,250 shares of Salesforce stock, while institutional ownership of the company stands at 80.43%.

Salesforce (NYSE:CRM - Get Free Report)'s stock had its "overweight" rating reiterated by investment analysts at Cantor Fitzgerald in a research note issued to investors on Thursday,Benzinga reports. They presently have a $325.00 target price on the CRM provider's stock. Cantor Fitzgerald's target price indicates a potential upside of 28.70% from the company's current price.

CRM has been the topic of several other reports. Wells Fargo & Company dropped their target price on Salesforce from $275.00 to $265.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 4th. UBS Group cut their target price on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a report on Monday, August 18th. Northland Securities cut Salesforce from an "outperform" rating to a "market perform" rating and set a $264.00 target price for the company. in a report on Tuesday. JMP Securities reissued a "market outperform" rating and set a $430.00 price target on shares of Salesforce in a research note on Tuesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Salesforce from $400.00 to $340.00 and set a "buy" rating for the company in a report on Thursday, September 4th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $326.83.

Salesforce Price Performance

CRM stock opened at $252.53 on Thursday. The firm has a 50 day moving average of $244.22 and a 200-day moving average of $258.21. The firm has a market capitalization of $240.41 billion, a P/E ratio of 36.68, a price-to-earnings-growth ratio of 2.07 and a beta of 1.19. Salesforce has a 12 month low of $226.48 and a 12 month high of $369.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $2.56 earnings per share. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, sell-side analysts predict that Salesforce will post 7.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, October 13th. The stock was sold at an average price of $245.91, for a total transaction of $553,297.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,929,174,424.61. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 78,750 shares of company stock worth $19,572,233 over the last quarter. 3.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Salesforce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRM. Painted Porch Advisors LLC raised its position in shares of Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Evolution Wealth Management Inc. acquired a new stake in shares of Salesforce in the 2nd quarter worth approximately $27,000. Capital A Wealth Management LLC grew its holdings in Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after acquiring an additional 90 shares during the period. CBIZ Investment Advisory Services LLC boosted its holdings in Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after buying an additional 85 shares in the last quarter. Finally, Abound Financial LLC purchased a new stake in Salesforce during the first quarter valued at about $31,000. Hedge funds and other institutional investors own 80.43% of the company's stock.

Salesforce Company Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.

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