Salesforce (NYSE:CRM) Now Covered by Analysts at JPMorgan Chase & Co.

Stock analysts at JPMorgan Chase & Co. initiated coverage on shares of Salesforce (NYSE:CRM) in a research report issued on Thursday. The firm set an “overweight” rating and a $250.00 price target on the CRM provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 27.78% from the stock’s current price.

Several other brokerages have also recently weighed in on CRM. Macquarie Infrastructure dropped their price target on shares of Salesforce from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday, May 28th. Royal Bank Of Canada lowered Salesforce from a “sector perform” rating to a “sector perform” rating in a report on Wednesday, July 1st. BTIG Research reaffirmed a “buy” rating and set a $255.00 target price on shares of Salesforce in a research report on Tuesday, May 26th. Phillip Securities downgraded Salesforce from a “buy” rating to a “hold” rating and decreased their price target for the stock from $253.00 to $166.00 in a report on Monday, June 29th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Salesforce in a research report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.05.

Salesforce Stock Up 1.2%

CRM traded up $2.33 during trading on Thursday, hitting $195.65. 982,809 shares of the company’s stock were exchanged, compared to its average volume of 13,633,259. Salesforce has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The stock has a market cap of $160.24 billion, a P/E ratio of 22.61, a PEG ratio of 1.07 and a beta of 1.16. The business’s 50 day moving average is $170.96 and its two-hundred day moving average is $182.38. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.13 by $0.75. The firm had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The business’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the company earned $2.58 earnings per share. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. As a group, equities analysts expect that Salesforce will post 10.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Salesforce

A number of hedge funds have recently modified their holdings of CRM. Brighton Jones LLC boosted its holdings in Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after buying an additional 3,102 shares during the period. Revolve Wealth Partners LLC raised its holdings in Salesforce by 12.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after acquiring an additional 205 shares during the period. Bison Wealth LLC lifted its position in shares of 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 acquiring an additional 184 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Salesforce by 3.7% during the second quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider’s stock worth $807,000 after acquiring an additional 106 shares in the last quarter. Finally, United Bank boosted its holdings in shares of Salesforce by 5.2% in the second quarter. United Bank now owns 10,198 shares of the CRM provider’s stock worth $2,781,000 after acquiring an additional 500 shares during the period. Institutional investors own 80.43% of the company’s stock.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Monness Crespi & Hardt raised its price target from $200 to $222 and upgraded Salesforce to “buy,” implying roughly 15% upside from the reference price. The bullish view suggests confidence in Salesforce’s earnings power and enterprise AI opportunity.
• Positive Sentiment: UBS increased its target from $185 to $210, and Wells Fargo raised its target from $200 to $205. Although both firms retained neutral or equal-weight ratings, the higher targets indicate improved valuation support following Salesforce’s strong recent earnings performance.
• Positive Sentiment: Short interest dropped 36.7% in July to 29.4 million shares, equal to 3.7% of shares outstanding and about 2.2 days of average trading volume. Reduced bearish positioning may limit selling pressure and create potential for short-covering.
• Positive Sentiment: Salesforce’s Agentforce and broader AI ecosystem continue to attract commercial activity. Navatar announced a governed AI framework combining Salesforce CRM, Agentforce and Claude, while Strativera launched a credentialed Salesforce consulting practice on AppExchange. Navatar AI framework article

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.