Salesforce's (CRM) Market Outperform Rating Reaffirmed at Citizens Jmp

Key Points

• Citizens Jmp reaffirmed a "market outperform" rating and set a $430 price target on Salesforce, implying roughly an 84.8% upside from the prior close.
• Analyst consensus is mixed but positive — 26 Buys, 13 Holds and 1 Sell with an average price target of $325.42, while the stock trades around $232.71.
• Salesforce recently beat Q earnings and revenue (EPS $2.91 vs. $2.78 expected; revenue $10.24B vs. $10.14B) and set FY2026 guidance of about 11.33–11.37 EPS.

Salesforce (NYSE:CRM - Get Free Report)'s stock had its "market outperform" rating restated by research analysts at Citizens Jmp in a report issued on Tuesday,Benzinga reports. They presently have a $430.00 target price on the CRM provider's stock. Citizens Jmp's target price points to a potential upside of 84.78% from the company's previous close.

A number of other brokerages have also weighed in on CRM. Macquarie reaffirmed a "neutral" rating and set a $250.00 price objective on shares of Salesforce in a report on Thursday, October 16th. Wells Fargo & Company reduced their price objective on shares of Salesforce from $275.00 to $265.00 and set an "equal weight" rating for the company in a research note on Thursday, September 4th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Salesforce from $400.00 to $340.00 and set a "buy" rating on the stock in a research report on Thursday, September 4th. JPMorgan Chase & Co. reduced their price target on shares of Salesforce from $380.00 to $365.00 and set an "overweight" rating for the company in a research report on Thursday, September 4th. Finally, JMP Securities restated a "market outperform" rating and issued a $430.00 price target on shares of Salesforce in a report on Friday, October 17th. Twenty-six analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $325.42.

Salesforce Trading Up 0.9%

Shares of Salesforce stock opened at $232.71 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $243.12 and a 200-day simple moving average of $253.60. The stock has a market cap of $221.54 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 2.11 and a beta of 1.19. Salesforce has a 12-month low of $221.96 and a 12-month high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the business posted $2.56 earnings per share. Salesforce's quarterly revenue 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. On average, equities analysts forecast that Salesforce will post 7.46 EPS for the current fiscal year.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 122 shares of Salesforce stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $259.00, for a total value of $31,598.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $3,085,096,889. The trade was a 0.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 51,872 shares of company stock valued at $12,801,203. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Salesforce

A number of institutional investors have recently bought and sold shares of the stock. Capital World Investors grew its stake in shares of Salesforce by 159.0% during the 3rd quarter. Capital World Investors now owns 17,325,206 shares of the CRM provider's stock valued at $4,106,255,000 after buying an additional 10,636,161 shares during the period. Norges Bank purchased a new position in shares of Salesforce in the 2nd quarter worth $2,826,049,000. Nuveen LLC acquired a new position in Salesforce in the first quarter valued at $2,039,196,000. Laurel Wealth Advisors LLC grew its position in Salesforce by 27,361.5% during the second quarter. Laurel Wealth Advisors LLC now owns 3,424,169 shares of the CRM provider's stock valued at $933,737,000 after acquiring an additional 3,411,700 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in Salesforce during the third quarter valued at about $484,852,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

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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