Salesforce (NYSE:CRM) Price Target Raised to $210.00

Salesforce (NYSE:CRM) had its target price increased by analysts at UBS Group from $185.00 to $210.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the CRM provider’s stock. UBS Group’s price objective indicates a potential upside of 7.29% from the company’s previous close.

A number of other research analysts also recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating on shares of Salesforce in a report on Tuesday, June 16th. BTIG Research reiterated a “buy” rating and set a $255.00 target price on shares of Salesforce in a research note on Tuesday, May 26th. Sanford C. Bernstein reduced their price target on shares of Salesforce from $194.00 to $173.00 and set an “underperform” rating on the stock in a research report on Thursday, May 28th. The Goldman Sachs Group started coverage on shares of Salesforce in a research report on Thursday, June 18th. They set a “neutral” rating for the company. Finally, Roth Capital reissued a “buy” rating and issued a $325.00 target price on shares of Salesforce in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $250.28.

Salesforce Price Performance

CRM opened at $195.73 on Wednesday. The company has a market capitalization of $160.31 billion, a P/E ratio of 22.38, a PEG ratio of 1.07 and a beta of 1.16. The company has a 50-day moving average of $170.92 and a 200-day moving average of $182.62. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. Salesforce has a 1-year low of $146.32 and a 1-year high of $269.11.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping the consensus estimate of $3.13 by $0.75. The business had revenue of $11.13 billion for 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 company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $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. Equities analysts expect that Salesforce will post 10.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CRM. Brighton Jones LLC boosted its holdings in Salesforce by 13.7% during the fourth 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 in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after purchasing an additional 205 shares during the period. Bison Wealth LLC boosted its position in shares of Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after purchasing an additional 184 shares during the period. Sivia Capital Partners LLC increased its stake in Salesforce by 3.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider’s stock worth $807,000 after purchasing an additional 106 shares in the last quarter. Finally, United Bank increased its stake in Salesforce by 5.2% in the 2nd quarter. United Bank now owns 10,198 shares of the CRM provider’s stock worth $2,781,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

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.