Cantor Fitzgerald Reiterates Overweight Rating for Salesforce (NYSE:CRM)

Salesforce (NYSE:CRM)‘s stock had its “overweight” rating reaffirmed by stock analysts at Cantor Fitzgerald in a note issued to investors on Thursday,Benzinga reports. They currently have a $250.00 price objective on the CRM provider’s stock. Cantor Fitzgerald’s price objective suggests a potential upside of 21.35% from the stock’s current price.

CRM has been the subject of a number of other reports. Susquehanna began coverage on Salesforce in a report on Wednesday, July 1st. They issued a “neutral” rating for the company. Morgan Stanley restated an “equal weight” rating and issued a $185.00 target price (down from $287.00) on shares of Salesforce in a research report on Tuesday, July 21st. Oppenheimer reiterated an “outperform” rating on shares of Salesforce in a research report on Thursday, August 20th. Wolfe Research lowered shares of Salesforce from an “outperform” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Salesforce in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and a consensus target price of $250.49.

Salesforce Trading Up 0.2%

Shares of Salesforce stock opened at $206.01 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. Salesforce has a 1 year low of $146.32 and a 1 year high of $269.11. The firm has a market cap of $168.72 billion, a PE ratio of 23.84, a PEG ratio of 1.11 and a beta of 1.16. The company has a 50 day simple moving average of $177.13 and a two-hundred day simple moving average of $181.60.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating the consensus estimate of $3.27 by $2.63. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The firm had revenue of $11.35 billion for the quarter, compared to analysts’ expectations of $11.33 billion. During the same quarter last year, the company posted $2.91 EPS. The business’s quarterly revenue was up 10.8% on a year-over-year basis. 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 expect that Salesforce will post 10.27 earnings per share for the current fiscal year.

Institutional Trading of Salesforce

A number of institutional investors have recently modified their holdings of the company. Commonwealth Retirement Investments LLC purchased a new position in Salesforce during the 4th quarter valued at about $25,000. Manning & Napier Advisors LLC purchased a new stake in Salesforce in the 2nd quarter worth approximately $26,000. Gilpin Wealth Management LLC bought a new stake in shares of Salesforce in the 4th quarter worth approximately $26,000. Persistent Asset Partners Ltd purchased a new position in shares of Salesforce during the second quarter valued at approximately $27,000. Finally, Costello Asset Management INC increased its stake in shares of Salesforce by 410.3% during the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after buying an additional 119 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Results exceeded expectations. Salesforce reported adjusted EPS of $5.90 versus the $3.27 consensus estimate, while revenue rose 10.8% year over year to $11.35 billion, slightly above forecasts. Salesforce Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Higher full-year outlook signals confidence. Salesforce raised fiscal 2027 guidance to $46.1 billion-$46.4 billion in revenue and $16.67-$16.71 in EPS. Its third-quarter EPS forecast of $3.42-$3.44 also exceeds the $3.16 analyst estimate. Salesforce Raises Annual Revenue Forecasts
• Positive Sentiment: AI adoption is becoming a growth catalyst. Agentforce annual recurring revenue reached $1.5 billion, and management said AI usage on the platform has increased sixfold. The figures support Salesforce’s argument that autonomous agents are expanding—not undermining—its CRM ecosystem. Salesforce Q2 Earnings Call Highlights
• Positive Sentiment: Expanded Anthropic partnership strengthens the AI narrative. The new “Claudeforce” integration brings Anthropic’s Claude into Salesforce workflows, data and business processes, potentially increasing enterprise engagement and supporting the company’s competitive positioning. Salesforce and Anthropic Announce Claudeforce
• Positive Sentiment: Analyst support adds momentum. Citizens JMP reiterated a Market Outperform rating with a $315 target, while Canaccord maintained a Buy rating and a $225 target. Citizens JMP Market Outperform Rating
• Neutral Sentiment: Broader technology sentiment also improved after Nvidia delivered strong results and an optimistic AI outlook, lifting confidence in continued enterprise AI spending. Nvidia Outlook Boosts Markets
• Negative Sentiment: Investors remain sensitive to whether AI agents could eventually cannibalize traditional software revenue, and software stocks continue to face elevated volatility. Salesforce’s forecast also includes expected acquisitions, making organic growth an important metric to monitor.

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.