Salesforce’s (CRM) “Buy” Rating Reiterated at Truist Financial

Truist Financial reaffirmed their buy rating on shares of Salesforce (NYSE:CRM) in a report published on Thursday,Benzinga reports. Truist Financial currently has a $300.00 target price on the CRM provider’s stock, up from their prior target price of $280.00.

Other research analysts have also issued reports about the company. Erste Group Bank raised Salesforce from a “hold” rating to a “buy” rating in a research report on Wednesday, August 5th. Roth Capital reissued a “buy” rating and set a $325.00 price target on shares of Salesforce in a research report on Thursday, May 28th. Wolfe Research lowered Salesforce from an “outperform” rating to a “hold” rating in a research note on Wednesday, July 1st. Monness Crespi & Hardt raised their price objective on Salesforce from $222.00 to $266.00 and gave the stock a “buy” rating in a report on Thursday. Finally, DA Davidson lifted their price objective on Salesforce from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.15.

Salesforce Trading Up 1.8%

NYSE CRM opened at $256.60 on Thursday. The company has a market cap of $210.16 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.38 and a beta of 1.16. Salesforce has a 12 month low of $146.32 and a 12 month high of $269.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.79. The company has a 50-day moving average of $181.24 and a 200-day moving average of $182.55.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, topping 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 business had revenue of $11.35 billion for the quarter, compared to analysts’ expectations of $11.33 billion. During the same period last year, the company earned $2.91 earnings per share. 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 predict that Salesforce will post 12.77 earnings per share for the current year.

Hedge Funds Weigh In On Salesforce

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Retirement Investments LLC acquired a new stake in Salesforce in the fourth quarter valued at approximately $25,000. Gilpin Wealth Management LLC acquired a new position in shares of Salesforce during the fourth quarter worth $26,000. Birchwood Financial Partners Inc. purchased a new position in shares of Salesforce in the fourth quarter valued at $28,000. Swiss RE Ltd. acquired a new stake in Salesforce during the 4th quarter valued at $28,000. Finally, Dogwood Wealth Management LLC grew its holdings in Salesforce by 285.7% during the 4th quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider’s stock valued at $29,000 after purchasing an additional 80 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Strong quarterly beat and raised outlook: Salesforce reported adjusted EPS of $5.90 versus the $3.27 consensus estimate, while revenue rose 10.8% year over year to $11.35 billion, broadly topping expectations. Management raised its fiscal 2027 revenue outlook to approximately $46.1 billion-$46.4 billion and pointed to stronger bookings, lower attrition and potential organic growth reacceleration. Salesforce Stock Soars After Strong Results, Raised Outlook
• Positive Sentiment: AI partnership strengthens the growth narrative: Salesforce expanded its alliance with Anthropic, integrating Claude into Agentforce and launching “Claudeforce,” which places Salesforce CRM capabilities inside Claude. Investors viewed the agreement as evidence that Salesforce can monetize AI and benefit from rising usage; Agentforce and Data 360 annual recurring revenue approached $3.9 billion, with Agentforce ARR reaching about $1.5 billion. Salesforce Soars on Earnings Beat and AI Partnership
• Positive Sentiment: Analyst and institutional support: Wolfe Research upgraded CRM to “strong buy,” while several firms raised price targets, including Truist to $300, JPMorgan to $265 and Mizuho to $265. Heavy trading and reports of institutional buying suggest investors are reassessing the stock’s valuation and the broader software sector’s AI prospects.
• Neutral Sentiment: Profit quality warrants scrutiny: Strategic investment gains contributed $2.53 of the $5.90 adjusted EPS, including an estimated $2.7 billion unrealized gain tied to Salesforce’s Anthropic investment. This boosted reported earnings but may not represent recurring operating performance. Salesforce Stock Just Soared. Thank Anthropic.
• Negative Sentiment: Valuation and execution risks remain: After the rally, some analysts still see limited upside or downside, with UBS, Citi, Morgan Stanley and Wells Fargo retaining neutral or equivalent ratings. Critics also caution that Anthropic could control the AI orchestration layer, potentially limiting Salesforce’s long-term strategic leverage, while the rapid move may already price in much of the AI opportunity.

About Salesforce

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.