Salesforce (NYSE:CRM) Price Target Raised to $295.00

Salesforce (NYSE:CRM) had its price target raised by equities research analysts at Freedom Broker from $230.00 to $295.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the CRM provider’s stock. Freedom Broker’s target price suggests a potential upside of 21.22% from the stock’s current price.

CRM has been the subject of several other research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of Salesforce in a report on Thursday, August 27th. Piper Sandler lowered Salesforce from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 28th. Oppenheimer reiterated an “outperform” rating on shares of Salesforce in a report on Thursday. HSBC boosted their price objective on shares of Salesforce from $350.00 to $356.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Salesforce in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and an average price target of $274.32.

Salesforce Price Performance

Shares of Salesforce stock traded down $7.18 during trading on Thursday, hitting $243.35. 14,908,193 shares of the stock traded hands, compared to its average volume of 13,982,976. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The stock has a market cap of $200.28 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.17 and a beta of 1.20. The firm’s fifty day moving average is $205.81 and its 200-day moving average is $188.56. Salesforce has a 52 week low of $146.32 and a 52 week high of $269.11.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The company had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. During the same quarter in the previous year, the company posted $2.91 EPS. Salesforce’s quarterly revenue was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Research analysts expect that Salesforce will post 12.83 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Craig Conway sold 4,500 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the sale, the director owned 5,437 shares in the company, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Salesforce

Institutional investors have recently modified their holdings of the stock. CBIZ Investment Advisory Services LLC lifted its position in Salesforce by 35.4% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 199 shares of the CRM provider’s stock valued at $53,000 after purchasing an additional 52 shares during the period. Krane Funds Advisors LLC boosted its holdings in Salesforce by 0.7% in the fourth quarter. Krane Funds Advisors LLC now owns 8,254 shares of the CRM provider’s stock worth $2,187,000 after purchasing an additional 57 shares during the last quarter. HBW Advisory Services LLC grew its position in Salesforce by 0.4% in the 1st quarter. HBW Advisory Services LLC now owns 13,098 shares of the CRM provider’s stock worth $2,445,000 after purchasing an additional 57 shares during the period. Prentice Wealth Management LLC raised its stake in Salesforce by 1.8% during the 1st quarter. Prentice Wealth Management LLC now owns 3,274 shares of the CRM provider’s stock valued at $611,000 after buying an additional 58 shares during the last quarter. Finally, Focused Wealth Management Inc raised its stake in Salesforce by 5.5% during the 1st quarter. Focused Wealth Management Inc now owns 1,126 shares of the CRM provider’s stock valued at $210,000 after buying an additional 59 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce set a fiscal 2030 revenue target of more than $63 billion, ahead of analyst expectations. Management said accelerating demand for artificial-intelligence and data products should support long-term growth and help counter fears that AI could disrupt its core software business. Salesforce issues revenue target of over $63 billion for fiscal 2030
• Positive Sentiment: Stifel, Canaccord Genuity, BMO Capital and other firms raised their CRM price targets, with several now at $300. Analysts cited Dreamforce’s long-term outlook, improving AI demand and a more favorable re-rating setup.
• Positive Sentiment: The company introduced AIforce, a more direct agentic interface for its CRM platform, and Koa, a CRM reasoning model developed with NVIDIA technology. Salesforce also expanded integrations involving Claude, Slack, AWS and OpenAI, potentially broadening AI adoption and monetization. Salesforce unveils Koa CRM model developed with Nvidia Nemotron
• Positive Sentiment: Rising Slackbot usage, a $25 billion buyback and a new enterprise partnership with Snap for augmented-reality glasses provide additional support for sentiment and demand expectations.
• Neutral Sentiment: RBC described partner checks as incrementally positive for demand but mixed on pricing. That suggests customer interest is improving, while Salesforce may face pressure to prove that new AI capabilities can generate attractive incremental revenue.
• Negative Sentiment: A widespread Salesforce service outage occurred during Dreamforce, with users reporting severe delays, errors or inability to access portions of the cloud software suite. The timing heightened concerns about reliability and execution. Salesforce Service Outages Strike on Day 2 of Dreamforce Conference
• Negative Sentiment: Analysts and investors continue to question Agentforce’s return on investment and pricing. The Koa launch reportedly did not eliminate the gap between AI product enthusiasm and demonstrated customer value, limiting the immediate stock reaction to the conference.

Salesforce Company Profile

Salesforce, Inc is a cloud-based software company that provides customer relationship management (CRM) technology and related enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, data analytics and business operations through subscription-based software and cloud services.

The company’s product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Data Cloud and the Salesforce Platform. Salesforce also offers Slack for workplace collaboration, Tableau for data visualization and analytics, MuleSoft for application integration, and artificial intelligence capabilities, including its Agentforce platform for building and deploying AI agents.

Founded in 1999, Salesforce is headquartered in San Francisco, California, and serves businesses and organizations across a broad range of industries and geographic markets worldwide.