Salesforce (NYSE:CRM) Given New $300.00 Price Target at Stifel Nicolaus

Salesforce (NYSE:CRM) had its price objective lifted by stock analysts at Stifel Nicolaus from $275.00 to $300.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the CRM provider’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 24.13% from the company’s current price.

CRM has been the subject of a number of other research reports. Susquehanna initiated coverage on Salesforce in a report on Wednesday, July 1st. They issued a “neutral” rating for the company. Cantor Fitzgerald restated an “overweight” rating and set a $300.00 target price on shares of Salesforce in a report on Thursday. Morgan Stanley set a $315.00 target price on shares of Salesforce in a report on Wednesday, September 2nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Salesforce in a research report on Thursday, August 27th. Finally, DA Davidson increased their price target on shares of Salesforce from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $273.18.

Salesforce Stock Down 3.5%

CRM stock opened at $241.68 on Thursday. Salesforce has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The business’s 50 day moving average price is $205.81 and its two-hundred day moving average price is $188.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $198.90 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 1.17 and a beta of 1.20.

Salesforce (NYSE:CRM) last announced 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. The firm had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The business’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. As a group, analysts forecast that Salesforce will post 12.83 earnings per share for the current fiscal year.

Insider Activity at Salesforce

In other news, Director Craig Conway sold 4,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 5,437 shares in the company, valued at $1,416,936.57. This trade represents a 45.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of Salesforce

Several institutional investors have recently bought and sold shares of CRM. State Street Corp grew its holdings in shares of Salesforce by 1.3% during the fourth quarter. State Street Corp now owns 50,080,230 shares of the CRM provider’s stock valued at $13,286,909,000 after buying an additional 659,573 shares during the last quarter. BlackRock Inc. purchased a new position in Salesforce in the 2nd quarter worth approximately $11,396,844,000. Capital International Investors lifted its position in Salesforce by 13.3% in the 4th quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider’s stock valued at $6,019,199,000 after acquiring an additional 2,669,891 shares in the last quarter. Geode Capital Management LLC boosted its stake in Salesforce by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 21,782,556 shares of the CRM provider’s stock valued at $5,751,073,000 after purchasing an additional 791,345 shares during the last quarter. Finally, Capital World Investors lifted its holdings in shares of Salesforce by 13.5% during the fourth quarter. Capital World Investors now owns 19,672,684 shares of the CRM provider’s stock valued at $5,211,515,000 after purchasing an additional 2,347,478 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce projected fiscal 2030 revenue of more than $63 billion, above Wall Street expectations. The outlook suggests that AI, data products and Agentforce can reaccelerate growth and counter fears that generative AI could disrupt Salesforce’s core software business. Salesforce issues revenue target of over $63 billion for fiscal 2030
• Positive Sentiment: Salesforce introduced AIforce, a new interface layer intended to let users interact with CRM data and applications through AI agents rather than traditional software navigation. It also unveiled Koa, a CRM reasoning model developed with NVIDIA, and expanded integrations involving Anthropic, Slack, Amazon and OpenAI. These initiatives could increase premium-product adoption and customer spending. Salesforce unleashes AIForce to enable headless SaaS
• Positive Sentiment: Analysts became more constructive: BMO raised its target to $285, Canaccord lifted its target to $300 with a Buy rating, Cantor Fitzgerald reiterated Overweight at $300, and Mizuho raised its target to $280. The upgrades reinforce confidence in Salesforce’s AI monetization prospects.
• Positive Sentiment: Investors are also highlighting Salesforce’s $25 billion share-repurchase authorization, while unusually heavy call-option activity indicates increased speculative bullish interest.
• Neutral Sentiment: A partnership with Snap will bring Salesforce and other enterprise tools to Snap’s augmented-reality glasses. The deal could broaden Salesforce’s distribution, although its near-term financial impact is unclear. Snap targets enterprises with Salesforce, Nvidia AI tools
• Negative Sentiment: A widespread service outage during Dreamforce caused delays and intermittent access problems for customers, creating reputational and execution concerns at a closely watched investor event. Salesforce Service Outages Strike on Day 2 of Dreamforce Conference

Salesforce Company Profile

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.