Salesforce (NYSE:CRM) Given "Overweight" Rating at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has reissued an "overweight" rating for Salesforce (NYSE:CRM), setting a price target of $325.00, which suggests a potential upside of 26.52% from the current trading price.
• Salesforce reported a strong quarterly performance with an EPS of $2.91, beating estimates, and a revenue of $10.24 billion, marking a 9.8% year-over-year increase.
• Various analysts have different ratings for Salesforce, with a consensus of "Moderate Buy", and the stock is currently valued at approximately $256.87.

Salesforce (NYSE:CRM - Get Free Report)'s stock had its "overweight" rating reissued by research analysts at Cantor Fitzgerald in a report issued on Thursday,Benzinga reports. They currently have a $325.00 price objective on the CRM provider's stock. Cantor Fitzgerald's target price indicates a potential upside of 26.52% from the stock's current price.

Other equities research analysts have also recently issued research reports about the stock. Citigroup reaffirmed a "neutral" rating on shares of Salesforce in a research report on Thursday, August 28th. Stifel Nicolaus lowered their price objective on Salesforce from $375.00 to $325.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Sanford C. Bernstein reaffirmed an "underperform" rating on shares of Salesforce in a research note on Thursday. Oppenheimer lowered their price objective on Salesforce from $370.00 to $315.00 and set an "outperform" rating for the company in a research note on Tuesday, August 26th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $275.00 price objective on shares of Salesforce in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $335.91.

Salesforce Stock Performance

Shares of CRM opened at $256.87 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. Salesforce has a twelve month low of $226.48 and a twelve month high of $369.00. The firm's 50 day moving average price is $256.61 and its two-hundred day moving average price is $268.18. The firm has a market cap of $245.57 billion, a P/E ratio of 40.20, a PEG ratio of 2.33 and a beta of 1.22.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, analysts forecast that Salesforce will post 7.46 EPS for the current fiscal year.

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $251.66, for a total value of $566,235.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $2,997,665,957.86. This trade represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 63,827 shares of company stock worth $16,342,398. Company insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CRM. Evolution Wealth Management Inc. bought a new position in shares of Salesforce in the second quarter worth approximately $27,000. Total Investment Management Inc. purchased a new stake in Salesforce during the second quarter valued at about $115,000. Centaurus Financial Inc. raised its position in Salesforce by 7.9% during the second quarter. Centaurus Financial Inc. now owns 15,016 shares of the CRM provider's stock valued at $4,095,000 after purchasing an additional 1,102 shares in the last quarter. Orion Porfolio Solutions LLC increased its holdings in shares of Salesforce by 12.6% in the second quarter. Orion Porfolio Solutions LLC now owns 87,816 shares of the CRM provider's stock worth $23,947,000 after buying an additional 9,834 shares during the period. Finally, MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Salesforce in the second quarter worth about $8,244,000. Hedge funds and other institutional investors own 80.43% of the company's stock.

About Salesforce

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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