Salesforce (NYSE:CRM) Given “Overweight” Rating at Cantor Fitzgerald

Salesforce (NYSE:CRM)‘s stock had its “overweight” rating reissued by equities researchers at Cantor Fitzgerald in a report released on Thursday,Benzinga reports. They currently have a $250.00 price target on the CRM provider’s stock. Cantor Fitzgerald’s price objective indicates a potential upside of 21.41% from the stock’s current price.

CRM has been the topic of several other research reports. Sanford C. Bernstein dropped their target price on shares of Salesforce from $194.00 to $173.00 and set an “underperform” rating on the stock in a research report on Thursday, May 28th. Morgan Stanley reiterated an “equal weight” rating and set a $185.00 price objective (down from $287.00) on shares of Salesforce in a research note on Tuesday, July 21st. Citizens Jmp reissued a “market outperform” rating and issued a $315.00 target price on shares of Salesforce in a research report on Thursday, May 28th. Evercore reaffirmed an “outperform” rating on shares of Salesforce in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada lowered Salesforce from a “sector perform” rating to a “sector perform” rating in a report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $249.49.

Salesforce Stock Up 5.0%

Salesforce stock opened at $205.92 on Thursday. Salesforce has a 1-year low of $146.32 and a 1-year high of $269.11. The business has a fifty day moving average price of $172.69 and a 200-day moving average price of $181.41. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $168.65 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 1.06 and a beta of 1.16.

Salesforce (NYSE:CRM) last announced its earnings results 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. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same period in the prior year, the company posted $2.58 EPS. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Equities research analysts forecast that Salesforce will post 10.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Salesforce

Several large investors have recently made changes to their positions in CRM. Commonwealth Retirement Investments LLC acquired a new position in shares of Salesforce in the fourth quarter worth about $25,000. Manning & Napier Advisors LLC purchased a new stake in shares of Salesforce during the 2nd quarter worth about $26,000. Gilpin Wealth Management LLC acquired a new stake in shares of Salesforce during the 4th quarter valued at about $26,000. Persistent Asset Partners Ltd acquired a new stake in shares of Salesforce during the 2nd quarter valued at about $27,000. Finally, Costello Asset Management INC increased its stake in shares of Salesforce by 410.3% in the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 119 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Agentforce momentum is strengthening Salesforce’s AI investment case. Agentforce annual recurring revenue reportedly surged 205% as customers increased AI usage and integrated the tools more deeply into their CRM workflows. Investors may view this as evidence that Salesforce can monetize enterprise AI rather than merely provide access to third-party models. Will Agentforce Help Salesforce Stay Ahead in the Enterprise AI Race?
• Positive Sentiment: Salesforce is expanding its Headless 360 architecture across its product portfolio. The initiative could improve flexibility for customers and developers, support more connected commerce and service experiences, and reinforce Salesforce’s position as an enterprise software platform. Salesforce Expands Headless 360 Across Its Portfolio
• Positive Sentiment: Sector rotation has provided a technical tailwind. Investors have been moving out of semiconductor stocks and into previously underperforming software names, including Salesforce. Commentary defending profitable software franchises against “extinction” fears may also be helping sentiment. Netflix, Salesforce, and Adobe Rally as Investors Rotate Out of Semiconductors and Into Beaten Down Stocks
• Positive Sentiment: Salesforce could benefit indirectly from Anthropic’s potential IPO. The company has participated in Anthropic funding rounds and maintains Claude integrations. A higher valuation for Anthropic could increase the value of Salesforce’s investment and validate demand for enterprise AI partnerships, though the benefit is speculative. The Pre-IPO Playbook: How to Cash in on Anthropic Before the Bell
• Neutral Sentiment: Investors are focused on the upcoming earnings release. Salesforce is expected to report on August 26, making management’s revenue outlook, Agentforce bookings, margins, and signs of AI-related customer demand the next major catalysts. Salesforce Projected to Announce Earnings
• Negative Sentiment: Near-term expectations remain a concern. One Zacks analysis says Salesforce lacks the typical combination of factors associated with a likely earnings beat, while commentary warns that AI could pressure traditional software business models. Failed analyst upgrades and elevated pre-earnings uncertainty could limit further gains. Salesforce Earnings Expected to Grow

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.