Salesforce (NYSE:CRM) Price Target Raised to $300.00

Salesforce (NYSE:CRM) had its price target increased by Stifel Nicolaus from $275.00 to $300.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the CRM provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group upped their target price on shares of Salesforce from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Scotiabank cut Salesforce from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, June 18th. Argus upped their price objective on Salesforce from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Guggenheim increased their price objective on Salesforce from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Phillip Securities downgraded Salesforce from a “buy” rating to a “hold” rating and lowered their target price for the company from $253.00 to $166.00 in a research note on Monday, June 29th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $275.14.

Salesforce Price Performance

CRM stock opened at $237.56 on Thursday. 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 capitalization of $195.51 billion, a P/E ratio of 21.66, a PEG ratio of 1.09 and a beta of 1.20. The business has a 50 day simple moving average of $208.91 and a 200-day simple moving average of $189.25. Salesforce has a twelve month low of $146.32 and a twelve month high of $269.11.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The business had revenue of $11.35 billion for the quarter, compared to analysts’ expectations of $11.33 billion. During the same period in the previous year, the company posted $2.91 EPS. The company’s quarterly revenue 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. As a group, equities analysts anticipate that Salesforce will post 12.82 EPS for the current year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be given a $0.44 dividend. The ex-dividend date is Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is presently 16.04%.

Insiders Place Their Bets

In other Salesforce news, Director Craig Conway sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of Salesforce

A number of institutional investors have recently modified their holdings of the business. Temasek Holdings Private Ltd increased its holdings in Salesforce by 3.7% in the fourth quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock valued at $181,143,000 after buying an additional 24,332 shares in the last quarter. Fluent Financial LLC acquired a new stake in shares of Salesforce during the 2nd quarter valued at approximately $2,265,000. Secured Retirement Advisors LLC purchased a new stake in shares of Salesforce during the 1st quarter worth approximately $1,004,000. TAM Capital Management Inc. acquired a new stake in shares of Salesforce in the 1st quarter worth approximately $40,945,000. Finally, Janus Henderson Group PLC grew its holdings in shares of Salesforce by 2.5% in the 1st quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock worth $23,846,000 after acquiring an additional 3,125 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

More 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, above market expectations. Management said artificial intelligence, data products and higher customer spending 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: Several firms raised their price targets, including Stifel, Canaccord Genuity, BMO Capital Markets, Citizens JMP, Stephens and Wells Fargo. Targets generally range from $250 to $315, reflecting optimism that Agentforce and other AI products can accelerate revenue and customer expansion. Six Analysts Turn Bullish on Salesforce
• Positive Sentiment: BNP Paribas described business activity as improving, while Salesforce’s broader AIforce strategy connects CRM data with partners including Google Cloud, Anthropic, Nvidia and Snap. These relationships could increase Agentforce usage and strengthen Salesforce’s enterprise ecosystem.
• Neutral Sentiment: Salesforce unveiled Koa, its first internally developed AI model for CRM reasoning, and AIforce, a platform intended to make CRM data available across multiple applications. However, Koa is not yet broadly available, limiting its immediate effect on revenue or earnings. Why Salesforce’s Homegrown AI Model Won’t Move the Stock Until 2027
• Negative Sentiment: UBS said AIforce could drive usage but cautioned that its pricing is currently too high. Investors therefore remain uncertain whether Agentforce adoption will translate into substantial incremental revenue and acceptable customer returns. Salesforce’s AIforce Offering has Potential to Drive Usage but Price Point is Too High
• Negative Sentiment: The stock has rallied sharply toward its 52-week high, so investors may be taking profits while waiting for proof of near-term AI monetization. A recent system outage and mixed partner feedback on pricing add to execution concerns. Why Salesforce Stock Dropped Despite Analysts Boosting Targets

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.