Q3 EPS Estimates for Salesforce Cut by Northland Securities

Salesforce Inc. (NYSE:CRM) – Equities researchers at Northland Securities reduced their Q3 2027 EPS estimates for shares of Salesforce in a research report issued on Thursday, August 27th. Northland Securities analyst N. Chokshi now expects that the CRM provider will post earnings of $2.40 per share for the quarter, down from their previous forecast of $2.88. The consensus estimate for Salesforce’s current full-year earnings is $12.77 per share. Northland Securities also issued estimates for Salesforce’s Q4 2027 earnings at $2.28 EPS, FY2027 earnings at $12.75 EPS and FY2028 earnings at $12.38 EPS.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, topping the consensus estimate of $3.27 by $2.63. The business had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.91 EPS. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS.

CRM has been the topic of several other research reports. UBS Group lifted their price objective on Salesforce from $210.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, August 27th. Mizuho increased their target price on Salesforce from $250.00 to $265.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. TD Cowen raised their target price on shares of Salesforce from $240.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings raised shares of Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Finally, BMO Capital Markets upped their price target on shares of Salesforce from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $262.12.

Salesforce Stock Up 0.8%

NYSE:CRM opened at $258.06 on Tuesday. Salesforce has a 1 year low of $146.32 and a 1 year high of $269.11. The stock has a 50-day moving average price of $183.40 and a two-hundred day moving average price of $182.93. The stock has a market cap of $212.38 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 1.12 and a beta of 1.16. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02.

Institutional Investors Weigh In On Salesforce

Institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System boosted its position in Salesforce by 13,260.5% during the 2nd quarter. California State Teachers Retirement System now owns 188,085,056 shares of the CRM provider’s stock worth $29,465,405,000 after acquiring an additional 186,677,290 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Salesforce in the second quarter valued at approximately $11,396,844,000. J. Stern & Co. LLP raised its holdings in shares of Salesforce by 24,056.7% in the fourth quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock valued at $12,552,896,000 after purchasing an additional 47,189,352 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Salesforce in the second quarter worth $1,914,086,000. Finally, Norges Bank acquired a new position in Salesforce during the fourth quarter worth $3,182,951,000. Institutional investors own 80.43% of the company’s stock.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Strong quarterly results and AI momentum: Salesforce exceeded earnings expectations, with revenue increasing 10.8% year over year. Agentforce annual recurring revenue surpassed $1.5 billion, growing 240%, reinforcing the view that customers are adopting Salesforce’s AI agents at scale. Salesforce Q2 2027 Earnings Call Transcript
• Positive Sentiment: Anthropic partnership supports the AI narrative: Reports highlighting Salesforce’s “Claudeforce” integration with Anthropic are adding to expectations that Salesforce can deliver more capable enterprise automation tools and monetize generative AI. Salesforce and Anthropic partnership
• Positive Sentiment: Analyst support: Argus raised its Salesforce price target from $290 to $300 and maintained a Buy rating. Wolfe Research also upgraded the stock, adding further momentum after the earnings report. Salesforce price-target update
• Positive Sentiment: Sector sentiment has improved: Salesforce’s results are helping ease “SaaSpocalypse” concerns that AI could weaken traditional software demand. Investors are instead seeing evidence that AI may increase demand for enterprise platforms. SaaS software stock rally

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.