Salesforce (NYSE:CRM) Price Target Raised to $285.00 at BMO Capital Markets

Salesforce (NYSE:CRM) had its price target raised by research analysts at BMO Capital Markets from $260.00 to $285.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the CRM provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 13.71% from the company’s current price.

Several other equities research analysts have also issued reports on CRM. Evercore reissued an “outperform” rating on shares of Salesforce in a report on Thursday, August 27th. Citizens Jmp restated a “market outperform” rating and set a $315.00 price objective on shares of Salesforce in a research report on Tuesday, August 25th. Roth Capital reiterated a “buy” rating and set a $325.00 target price on shares of Salesforce in a research report on Thursday, May 28th. Oppenheimer reaffirmed an “outperform” rating on shares of Salesforce in a report on Thursday. Finally, Canaccord Genuity Group raised their price target on Salesforce from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Salesforce currently has an average rating of “Moderate Buy” and a consensus target price of $271.80.

Salesforce Stock Down 2.0%

CRM opened at $250.64 on Thursday. The stock has a market capitalization of $206.27 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.17 and a beta of 1.20. Salesforce has a twelve month low of $146.32 and a twelve month high of $269.11. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The firm has a 50 day moving average price of $205.81 and a 200-day moving average price of $188.56.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, topping the consensus estimate of $3.27 by $2.63. The company 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%.Salesforce’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.91 earnings per share. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Equities research analysts forecast that Salesforce will post 12.83 earnings per share for the current year.

Insider Buying and Selling

In other Salesforce news, Director Craig Conway sold 4,500 shares of Salesforce 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 sale, the director directly owned 5,437 shares of the company’s stock, valued at $1,416,936.57. The trade was a 45.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.50% of the stock is owned by insiders.

Institutional Trading of Salesforce

Several institutional investors and hedge funds have recently made changes to their positions in CRM. Commonwealth Retirement Investments LLC bought a new position in shares of Salesforce during the fourth quarter valued at approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Salesforce during the fourth quarter worth $34,000. Godfrey Financial Associates Inc. bought a new stake in Salesforce during the 4th quarter valued at $36,000. Abound Financial LLC purchased a new position in shares of Salesforce in the 4th quarter valued at $38,000. Finally, Costello Asset Management INC increased its holdings in shares of Salesforce by 410.3% in the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after acquiring an additional 119 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce set a fiscal 2030 revenue target of more than $63 billion, above analyst expectations. The forecast helped ease concerns that generative AI could disrupt Salesforce’s core software business and suggested that Agentforce and other AI offerings can support renewed growth. Salesforce issues revenue target of over $63 billion
• Positive Sentiment: The company unveiled AIforce, a new interface layer intended to let users access CRM data and AI agents across tools including Claude, Slack and Amazon platforms. Salesforce also introduced Koa, a CRM-specific reasoning model developed with NVIDIA, strengthening its AI product strategy. Salesforce unleashes AIForce
• Positive Sentiment: Salesforce’s $25 billion stock-repurchase program is receiving favorable attention, while Mizuho raised its price target from $265 to $280 and maintained an outperform rating. Stronger Slackbot adoption and expanding Agentforce activity also point to growing customer interest in Salesforce’s AI tools. Salesforce’s $25 billion buyback
• Neutral Sentiment: Partnerships with OpenAI, NVIDIA, AWS, Siemens and Snap expand Salesforce’s distribution and enterprise use cases, including government AI, industrial service and augmented-reality applications. However, the financial contribution from these initiatives remains uncertain. Snap targets enterprises with Salesforce and NVIDIA AI tools
• Negative Sentiment: A widespread Salesforce service outage caused severe delays, intermittent errors or loss of access to parts of its cloud software suite during Dreamforce. The timing raises concerns about reliability and customer experience, overshadowing otherwise positive conference announcements. Salesforce service outages strike Dreamforce

About Salesforce

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.