Salesforce (NYSE:CRM) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Salesforce (NYSE:CRM) had its target price raised by research analysts at Cantor Fitzgerald from $250.00 to $300.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the CRM provider’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 16.28% from the company’s current price.

A number of other brokerages have also recently commented on CRM. Barclays raised their price objective on shares of Salesforce from $236.00 to $276.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. HC Wainwright cut shares of Salesforce to a “negative” rating in a research note on Thursday, June 18th. TD Cowen increased their price target on shares of Salesforce from $240.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. B. Riley Financial raised their price target on shares of Salesforce from $205.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, Mizuho lifted their price objective on shares of Salesforce from $250.00 to $265.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.50.

Salesforce Stock Performance

Shares of CRM stock opened at $258.00 on Wednesday. Salesforce has a 52-week low of $146.32 and a 52-week 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 stock has a market cap of $212.33 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20. The business has a 50-day simple moving average of $185.49 and a 200-day simple moving average of $183.44.

Salesforce (NYSE:CRM) last posted its earnings results 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 firm had revenue of $11.35 billion for 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 for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the company earned $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. On average, equities analysts expect that Salesforce will post 12.64 EPS for the current year.

Hedge Funds Weigh In On Salesforce

Hedge funds and other institutional investors have recently modified their holdings of the business. California State Teachers Retirement System raised its holdings in Salesforce by 13,260.5% in the 2nd quarter. California State Teachers Retirement System now owns 188,085,056 shares of the CRM provider’s stock valued at $29,465,405,000 after acquiring an additional 186,677,290 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Salesforce during the 2nd quarter worth approximately $11,396,844,000. State Street Corp grew its position in shares of Salesforce by 1.3% in 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 purchasing an additional 659,573 shares in the last quarter. J. Stern & Co. LLP grew its position in shares of 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 valued at $12,552,896,000 after purchasing an additional 47,189,352 shares in the last quarter. Finally, Capital International Investors increased its holdings in shares of Salesforce by 13.3% in the fourth quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider’s stock valued at $6,019,199,000 after purchasing an additional 2,669,891 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Analyst targets increased: Argus raised its Salesforce price target to $300 from $290 and maintained a Buy rating. TD Cowen also reiterated Buy and increased its target to $300 from $280, signaling additional upside potential in analysts’ models. Argus Increases Salesforce Price Target to $300
• Positive Sentiment: AI momentum is strengthening: Agentforce annual recurring revenue surpassed $1.5 billion and grew 240% year over year. Salesforce also highlighted Claudeforce, its collaboration with Anthropic that integrates Claude’s reasoning capabilities with Salesforce customer data. The developments support the company’s argument that AI can drive higher-value enterprise growth and monetization. Salesforce Bets Its Next Chapter on an AI Partnership
• Positive Sentiment: Product and partnership expansion: Salesforce led an investment in workforce-management platform HiBob to develop AI using organizational data. Separately, Sinch added a Mailgun Inspect email-reputation integration to Salesforce’s AgentExchange marketplace, broadening the AI ecosystem across human resources and marketing workflows. Salesforce Backs Workforce AI and Adds AgentExchange Tool
• Positive Sentiment: Strong fundamentals eased disruption fears: Recent quarterly revenue increased about 11% year over year, future contracted revenue accelerated and customer churn approached record lows. Management also raised its fiscal 2027 outlook, while Northland Securities lifted its full-year EPS forecast to $12.75 from $11.35. Salesforce Q2 2027 Earnings Call Transcript
• Neutral Sentiment: Investor events are scheduled: Salesforce announced upcoming investor events, which could provide additional commentary on AI monetization, platform integration and forward guidance. Salesforce Announces Upcoming Investor Events
• Negative Sentiment: Near-term technical risk remains: After a rally of more than 70% since June, Salesforce’s relative strength index has moved above 80, indicating overbought conditions and the possibility of profit-taking. Northland also reduced its Q3 and Q4 EPS estimates, despite raising its full-year forecast.

About Salesforce

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.