Salesforce’s (CRM) “Market Outperform” Rating Reaffirmed at Citizens Jmp

Salesforce (NYSE:CRM)‘s stock had its “market outperform” rating reiterated by stock analysts at Citizens Jmp in a research report issued on Friday, Benzinga reports. They presently have a $315.00 price target on the CRM provider’s stock. Citizens Jmp’s price objective suggests a potential upside of 29.44% from the stock’s previous close.

A number of other research firms also recently commented on CRM. Sanford C. Bernstein reiterated an “outperform” rating on shares of Salesforce in a research note on Thursday, August 27th. HC Wainwright cut Salesforce to a “negative” rating in a research note on Thursday, June 18th. Mizuho boosted their price objective on shares of Salesforce from $265.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday. BTIG Research reissued a “buy” rating and issued a $300.00 target price on shares of Salesforce in a report on Wednesday, September 2nd. Finally, Daiwa Securities Group lowered their target price on Salesforce from $295.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, June 2nd. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $275.14.

Salesforce Price Performance

CRM opened at $243.35 on Friday. Salesforce has a 52-week low of $146.32 and a 52-week high of $269.11. The company has a 50 day moving average of $207.43 and a two-hundred day moving average of $188.91. The company has a market cap of $200.28 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.14 and a beta of 1.20. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $2.63. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The company had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. During the same quarter last year, the company earned $2.91 earnings per share. Salesforce’s revenue for the quarter was up 10.8% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. On average, analysts expect that Salesforce will post 12.82 earnings per share for the current year.

Insider Activity at Salesforce

In other Salesforce news, Director Craig Conway sold 4,500 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $260.61, for a total value of $1,172,745.00. Following the transaction, the director owned 5,437 shares of the company’s stock, valued at approximately $1,416,936.57. This represents a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Salesforce

A number of large investors have recently made changes to their positions in CRM. BlackRock Inc. acquired a new stake in Salesforce during the 2nd quarter worth about $11,396,844,000. Bank of America Corp DE purchased a new position in Salesforce during the second quarter valued at approximately $1,914,086,000. Norges Bank purchased a new stake in Salesforce in the 4th quarter worth approximately $3,182,951,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Salesforce by 130.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock valued at $2,363,096,000 after acquiring an additional 7,160,302 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Salesforce in the 2nd quarter valued at approximately $927,332,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Long-term revenue outlook exceeded expectations. At Dreamforce, Salesforce projected fiscal 2030 revenue of more than $63 billion, supported by accelerating demand for artificial intelligence and data products. The forecast helped ease fears that AI could disrupt Salesforce’s core software business. Salesforce issues revenue target of over $63 billion for fiscal 2030
• Positive Sentiment: Analysts raised price targets across the board. Stifel and Canaccord lifted their targets to $300, while BMO raised its target to $285 and Wells Fargo increased its target to $250. The upgrades reflect expectations that Agentforce, data products, and other enterprise AI offerings can drive a re-rating of CRM. Six Analysts Turn Bullish on Salesforce
• Positive Sentiment: AI ecosystem momentum is expanding. Salesforce announced integrations involving Google Gemini, Anthropic’s Claude, OpenAI, Nvidia, Slack, and Snap. Agentforce annual recurring revenue reportedly reached $1.5 billion, up 240% year over year, while net new annual order value growth reached a four-year high.
• Neutral Sentiment: Options activity signals increased speculative interest. Traders bought approximately 253,000 CRM call options, about 171% above typical daily call volume. The activity may indicate bullish positioning, but it does not guarantee sustained buying in the stock.
• Negative Sentiment: Execution and monetization concerns remain. Partner checks were positive on demand but mixed on pricing, and analysts continue to question how quickly Agentforce and Claude integrations will translate into Salesforce revenue. Reports also noted that Agentforce’s return on investment remains an open issue.
• Negative Sentiment: A service outage created an unwelcome headline during Dreamforce. The disruption affected access to parts of Salesforce’s cloud software suite, raising concerns about reliability and adding pressure while the company promotes AI-powered enterprise applications. Salesforce stock falls as service outage hits during crucial conference

About Salesforce

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.