Salesforce’s (CRM) “Market Outperform” Rating Reiterated at Citizens Jmp

Citizens Jmp reiterated their market outperform rating on shares of Salesforce (NYSE:CRM) in a research report released on Tuesday morning,Benzinga reports. The firm currently has a $315.00 target price on the CRM provider’s stock.

A number of other research analysts also recently weighed in on CRM. Macquarie Infrastructure reduced their target price on shares of Salesforce from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. CLSA assumed coverage on shares of Salesforce in a report on Monday, July 20th. They issued a “hold” rating and a $165.00 price target on the stock. Truist Financial downgraded Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. BTIG Research reissued a “buy” rating and issued a $255.00 target price on shares of Salesforce in a research report on Monday. Finally, Erste Group Bank upgraded Salesforce from a “hold” rating to a “buy” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and an average price target of $261.15.

Salesforce Trading Up 22.6%

NYSE CRM opened at $252.15 on Tuesday. The business’s fifty day moving average is $179.14 and its 200-day moving average is $182.03. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $206.51 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 1.11 and a beta of 1.16. Salesforce has a one year low of $146.32 and a one year high of $269.11.

Salesforce (NYSE:CRM) last posted its quarterly earnings results 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 21.99% and a return on equity of 23.35%. The company had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.33 billion. During the same quarter in the prior year, the business earned $2.91 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts predict that Salesforce will post 10.27 EPS for the current year.

Institutional Trading of Salesforce

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

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Strong quarterly performance: Salesforce reported adjusted EPS of $5.90, well above the $3.27 consensus, while revenue rose 10.8% year over year to $11.35 billion, slightly exceeding expectations. Profit was also helped by gains on strategic investments, including Salesforce’s stake in Anthropic. Salesforce stock jumps on AI growth and Anthropic investment gain
• Positive Sentiment: Raised outlook: Management lifted fiscal 2027 revenue guidance to $46.1 billion-$46.4 billion and EPS guidance to $16.67-$16.71. Third-quarter EPS guidance of $3.42-$3.44 also topped the $3.16 analyst estimate, signaling confidence in demand and profitability. Salesforce raises annual revenue forecasts on AI product momentum
• Positive Sentiment: AI adoption is gaining traction: Current remaining performance obligations accelerated 14% in constant currency, while Agentforce and Data 360 annual recurring revenue approached $3.9 billion. Reports also highlighted a sixfold increase in AI usage, supporting the view that AI may expand Salesforce’s platform rather than replace it. Jim Cramer says Nvidia and Salesforce earnings upended two bear narratives
• Positive Sentiment: Anthropic partnership expands Salesforce’s AI offering: The “Claudeforce” initiative integrates Anthropic’s Claude with Salesforce workflows, data and governance, including prebuilt sales skills. Investors view the partnership as a potential catalyst for Agentforce adoption and AI monetization. Salesforce and Anthropic announce Claudeforce
• Positive Sentiment: Analyst reaction improved: JPMorgan, Mizuho, BMO, Truist and Monness Crespi raised their price targets, with targets ranging from $260 to $300; Needham maintained a Buy rating with a $400 target. The results were widely described as weakening the “SaaSpocalypse” bear thesis. Salesforce Q2 results squash SaaSpocalypse fears

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.