Cantor Fitzgerald Reiterates “Overweight” Rating for Salesforce (NYSE:CRM)

Salesforce (NYSE:CRM)‘s stock had its “overweight” rating restated by research analysts at Cantor Fitzgerald in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $300.00 price objective on the CRM provider’s stock. Cantor Fitzgerald’s target price points to a potential upside of 19.70% from the company’s previous close.

A number of other research firms have also recently issued reports on CRM. BMO Capital Markets increased their price target on Salesforce from $230.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Needham & Company LLC reiterated a “buy” rating on shares of Salesforce in a research report on Thursday. DA Davidson raised their price target on shares of Salesforce from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. 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, KeyCorp cut shares of Salesforce from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $269.38.

Salesforce Stock Performance

Shares of Salesforce stock opened at $250.64 on Thursday. The business has a 50-day moving average price of $205.81 and a two-hundred day moving average price of $188.56. Salesforce has a 1-year low of $146.32 and a 1-year high of $269.11. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. The company has a market cap of $206.27 billion, a P/E ratio of 22.85, a PEG ratio of 1.17 and a beta of 1.20.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $11.33 billion. During the same period in the previous year, the business earned $2.91 EPS. The firm’s 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. As a group, analysts anticipate that Salesforce will post 12.83 EPS for the current year.

Insider Activity at Salesforce

In related news, Director Craig Conway sold 4,500 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $260.61, for a total value of $1,172,745.00. Following the sale, the director owned 5,437 shares in the company, valued at $1,416,936.57. This represents a 45.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.50% of the stock is currently owned by insiders.

Institutional Trading of Salesforce

Institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth Retirement Investments LLC purchased a new position in shares of Salesforce during the fourth quarter valued at approximately $25,000. ABS Direct Equity Fund LLC purchased a new stake in Salesforce in the 2nd quarter valued at $25,000. Manning & Napier Advisors LLC bought a new position in Salesforce during the 2nd quarter valued at $26,000. Persistent Asset Partners Ltd bought a new position in Salesforce during the 2nd quarter valued at $27,000. Finally, Costello Asset Management INC boosted its holdings in Salesforce by 410.3% during the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock worth $28,000 after acquiring an additional 119 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce set a fiscal 2030 revenue target of more than $63 billion, above analyst expectations. The forecast helped ease concerns that generative AI could disrupt Salesforce’s core software business and suggested that Agentforce and other AI offerings can support renewed growth. Salesforce issues revenue target of over $63 billion
• Positive Sentiment: The company unveiled AIforce, a new interface layer intended to let users access CRM data and AI agents across tools including Claude, Slack and Amazon platforms. Salesforce also introduced Koa, a CRM-specific reasoning model developed with NVIDIA, strengthening its AI product strategy. Salesforce unleashes AIForce
• Positive Sentiment: Salesforce’s $25 billion stock-repurchase program is receiving favorable attention, while Mizuho raised its price target from $265 to $280 and maintained an outperform rating. Stronger Slackbot adoption and expanding Agentforce activity also point to growing customer interest in Salesforce’s AI tools. Salesforce’s $25 billion buyback
• Neutral Sentiment: Partnerships with OpenAI, NVIDIA, AWS, Siemens and Snap expand Salesforce’s distribution and enterprise use cases, including government AI, industrial service and augmented-reality applications. However, the financial contribution from these initiatives remains uncertain. Snap targets enterprises with Salesforce and NVIDIA AI tools
• Negative Sentiment: A widespread Salesforce service outage caused severe delays, intermittent errors or loss of access to parts of its cloud software suite during Dreamforce. The timing raises concerns about reliability and customer experience, overshadowing otherwise positive conference announcements. Salesforce service outages strike Dreamforce

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.