Salesforce Inc. (NYSE:CRM) Receives $324.51 Average Target Price from Analysts

Shares of Salesforce Inc. (NYSE:CRMGet Free Report) have earned an average recommendation of “Moderate Buy” from the forty-three research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, twenty-nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $323.5676.

CRM has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Salesforce in a report on Thursday, December 4th. UBS Group restated a “neutral” rating and issued a $260.00 price objective on shares of Salesforce in a research note on Thursday, December 4th. Truist Financial decreased their target price on shares of Salesforce from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, December 4th. Citizens Jmp reissued a “market outperform” rating and set a $430.00 price target on shares of Salesforce in a report on Tuesday, December 2nd. Finally, Stifel Nicolaus reduced their price objective on Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, October 9th.

Get Our Latest Research Report on CRM

Insider Activity

In other Salesforce news, Director Neelie Kroes sold 3,893 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $238.70, for a total value of $929,259.10. Following the transaction, the director directly owned 7,299 shares of the company’s stock, valued at approximately $1,742,271.30. The trade was a 34.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Parker Harris sold 134,662 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the completion of the sale, the insider owned 139,767 shares of the company’s stock, valued at $32,803,314.90. This trade represents a 49.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Salesforce

Large investors have recently modified their holdings of the business. Brighton Jones LLC grew its stake in shares of Salesforce by 13.7% during the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after purchasing an additional 3,102 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after buying an additional 205 shares in the last quarter. Bison Wealth LLC grew its position in Salesforce by 9.0% during the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after buying an additional 184 shares during the period. Sivia Capital Partners LLC increased its holdings in Salesforce by 3.7% in the second quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider’s stock valued at $807,000 after buying an additional 106 shares in the last quarter. Finally, Clarius Group LLC increased its holdings in Salesforce by 1.1% in the second quarter. Clarius Group LLC now owns 11,579 shares of the CRM provider’s stock valued at $3,158,000 after buying an additional 128 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Stock Up 1.5%

CRM opened at $199.30 on Monday. Salesforce has a one year low of $187.28 and a one year high of $348.04. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $186.74 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 1.33 and a beta of 1.27. The business’s 50-day simple moving average is $245.13 and its 200-day simple moving average is $246.24.

Salesforce (NYSE:CRMGet Free Report) last released its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.39. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The firm had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same quarter last year, the business posted $2.41 EPS. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Analysts anticipate that Salesforce will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were issued a dividend of $0.416 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $1.66 annualized dividend and a dividend yield of 0.8%. Salesforce’s dividend payout ratio (DPR) is currently 22.16%.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

About Salesforce

(Get Free Report)

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.

See Also

Analyst Recommendations for Salesforce (NYSE:CRM)

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