Salesforce (NYSE:CRM) Issues FY 2027 Earnings Guidance

Salesforce (NYSE:CRM) updated its FY 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 16.670-16.710 for the period, compared to the consensus EPS estimate of 13.360. The company issued revenue guidance of $46.1 billion-$46.4 billion, compared to the consensus revenue estimate of $46.1 billion. Salesforce also updated its Q3 2027 guidance to 3.420-3.440 EPS.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. KeyCorp cut shares of Salesforce from an “overweight” rating to a “sector weight” rating in a report on Wednesday, July 8th. BMO Capital Markets upped their target price on Salesforce from $230.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays increased their target price on Salesforce from $236.00 to $276.00 and gave the stock an “overweight” rating in a research note on Thursday. B. Riley Financial lifted their price target on Salesforce from $205.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Salesforce in a report on Thursday. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.15.

Salesforce Price Performance

Shares of NYSE:CRM opened at $252.15 on Friday. The firm’s 50 day moving average is $179.14 and its two-hundred day moving average is $182.03. The firm has a market capitalization of $206.51 billion, a P/E ratio of 22.99, a PEG ratio of 1.11 and a beta of 1.16. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. Salesforce has a 52 week low of $146.32 and a 52 week high of $269.11.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $2.63. The business had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.33 billion. Salesforce had a return on equity of 23.35% and a net margin of 21.99%.The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.91 EPS. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Analysts anticipate that Salesforce will post 10.27 earnings per share for the current year.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Raised outlook and earnings beat: Salesforce reported adjusted EPS of $5.90, well above the $3.27 consensus, while revenue increased 10.8% year over year to $11.35 billion. Management raised fiscal 2027 revenue guidance to $46.1 billion-$46.4 billion and provided third-quarter EPS guidance above analyst expectations. Salesforce raises annual revenue forecasts on AI product momentum
• Positive Sentiment: Anthropic partnership strengthens AI strategy: Salesforce and Anthropic introduced “Claudeforce,” integrating Claude with Salesforce data, workflows, governance and CRM tools. The companies say the integration will allow sellers and agents to use Salesforce capabilities directly within Claude, potentially improving AI adoption and monetization. Salesforce and Anthropic Announce Claudeforce
• Positive Sentiment: Operating indicators showed momentum: Constant-currency remaining performance obligations accelerated 14%, while Agentforce and Data 360 annual recurring revenue approached $3.9 billion. Management also said AI usage on the platform has risen substantially, countering the “SaaSpocalypse” thesis that AI agents will replace incumbent software.
• Neutral Sentiment: Analyst reactions were broadly constructive but mixed: JPMorgan, Mizuho, BMO, Truist and Monness raised targets or maintained bullish ratings, with targets ranging from $260 to $300 or higher. UBS, Wells Fargo, Morgan Stanley and Citi also lifted targets but retained neutral or equal-weight ratings, reflecting valuation and execution concerns.
• Negative Sentiment: Earnings quality remains a concern: Strategic investment gains contributed approximately $2.53 of the $5.90 adjusted EPS, including an estimated $2.7 billion unrealized gain tied to Salesforce’s Anthropic investment. Such gains may not recur, and skeptics warn that Anthropic’s control of the AI orchestration layer could limit Salesforce’s long-term strategic upside. Salesforce Stock Just Soared. Thank Anthropic.

Institutional Trading of Salesforce

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Salesforce by 0.3% during the third quarter. State Street Corp now owns 49,420,657 shares of the CRM provider’s stock valued at $11,732,966,000 after acquiring an additional 159,739 shares during the period. J. Stern & Co. LLP lifted its position in Salesforce by 24,056.7% in the fourth quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock worth $12,552,896,000 after purchasing an additional 47,189,352 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Salesforce by 8.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,839,178 shares of the CRM provider’s stock valued at $2,076,678,000 after purchasing an additional 582,314 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Salesforce by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,903,151 shares of the CRM provider’s stock valued at $1,828,714,000 after purchasing an additional 170,558 shares during the period. Finally, FIL Ltd increased its position in shares of Salesforce by 10.8% during the 4th quarter. FIL Ltd now owns 4,588,104 shares of the CRM provider’s stock valued at $1,215,435,000 after purchasing an additional 446,656 shares during the period. 80.43% of the stock is currently owned by institutional investors.

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.