Salesforce (NYSE:CRM) Updates Q3 2027 Earnings Guidance

Salesforce (NYSE:CRM) updated its third quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.420-3.440 for the period, compared to the consensus estimate of 3.160. The company issued revenue guidance of $11.4 billion-$11.5 billion, compared to the consensus revenue estimate of $11.4 billion. Salesforce also updated its FY 2027 guidance to 16.670-16.710 EPS.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CRM shares. UBS Group upped their target price on shares of Salesforce from $185.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 12th. Canaccord Genuity Group reissued a “buy” rating and issued a $225.00 price objective on shares of Salesforce in a research report on Tuesday. Roth Capital restated a “buy” rating and issued a $325.00 price objective on shares of Salesforce in a report on Thursday, May 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price objective on shares of Salesforce in a research report on Thursday, August 20th. Finally, DA Davidson dropped their target price on Salesforce from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Salesforce currently has an average rating of “Moderate Buy” and a consensus price target of $248.72.

Salesforce Stock Up 0.2%

Shares of NYSE CRM traded up $0.32 during mid-day trading on Wednesday, reaching $206.01. The company had a trading volume of 10,769,734 shares, compared to its average volume of 13,605,874. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. The firm has a 50 day simple moving average of $176.11 and a two-hundred day simple moving average of $181.49. The stock has a market cap of $168.72 billion, a P/E ratio of 23.84, a PEG ratio of 1.13 and a beta of 1.16. Salesforce has a 52-week low of $146.32 and a 52-week high of $269.11.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $0.75. The company had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. Salesforce’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.58 earnings per share. Sell-side analysts predict that Salesforce will post 10.27 earnings per share for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce’s payout ratio is presently 20.37%.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Analysts remain supportive ahead of the report. Canaccord Genuity reaffirmed a “buy” rating with a $225 price target, while Citizens JMP maintained “market outperform” with a $315 target. BTIG also reaffirmed its buy rating. BTIG Research Reaffirms Buy Rating for Salesforce
• Positive Sentiment: Salesforce’s Agentforce AI platform and its expanding third-party AgentExchange ecosystem are viewed as potential growth drivers. New integrations from ZoomInfo and Agiloft could increase adoption of Salesforce and Slack’s AI-powered workflows. Salesforce AgentExchange ecosystem
• Neutral Sentiment: Consensus expectations call for roughly $11.3 billion in quarterly revenue and $3.27 in EPS, representing approximately 11% revenue growth and 12% earnings growth. Options markets imply a broad post-earnings trading range of about $190 to $220, highlighting elevated uncertainty. Salesforce Q2 earnings expectations
• Neutral Sentiment: Jefferies expects an in-line quarter, but investors will focus more heavily on signs of second-half growth reacceleration. A survey of Salesforce partners showed 70% were at or above plan, offering a modestly encouraging demand signal. Jefferies Salesforce earnings preview
• Negative Sentiment: The stock’s weak 2026 chart reflects investor concerns that AI competition could disrupt traditional software growth and that Salesforce has yet to demonstrate a durable acceleration from its AI investments. Broader software-sector volatility, amplified by momentum and leveraged trading, is adding to the pressure. Software-sector volatility
• Negative Sentiment: Another senior OpenAI sales executive reportedly returning to Salesforce may benefit CRM’s talent base, but it also underscores ongoing uncertainty and leadership churn within the AI ecosystem. OpenAI executive returns to Salesforce

Institutional Trading of Salesforce

Several institutional investors and hedge funds have recently bought and sold shares of CRM. Fred Alger Management LLC raised its holdings in Salesforce by 0.3% during the third quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock worth $3,548,000 after purchasing an additional 45 shares during the last quarter. Synergy Financial Group LTD grew its holdings in Salesforce by 2.4% in the third quarter. Synergy Financial Group LTD now owns 2,035 shares of the CRM provider’s stock valued at $482,000 after purchasing an additional 48 shares during the last quarter. Triumph Capital Management increased its position in shares of Salesforce by 4.2% in the fourth quarter. Triumph Capital Management now owns 1,448 shares of the CRM provider’s stock valued at $383,000 after buying an additional 59 shares in the last quarter. ANB Bank increased its position in shares of Salesforce by 1.0% in the fourth quarter. ANB Bank now owns 5,755 shares of the CRM provider’s stock valued at $1,525,000 after buying an additional 59 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of Salesforce by 1.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 3,923 shares of the CRM provider’s stock worth $930,000 after buying an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

About Salesforce

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.