Salesforce (NYSE:CRM) Trading 2.1% Higher – What’s Next?

Salesforce Inc. (NYSE:CRM) traded up 2.1% during mid-day trading on Tuesday . The stock traded as high as $155.18 and last traded at $153.27. 20,012,849 shares changed hands during mid-day trading, an increase of 43% from the average session volume of 14,036,428 shares. The stock had previously closed at $150.12.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce announced a new partnership with Visa Cash App Racing Bulls Formula 1 Team to use Agentforce 360 for fan engagement, hospitality, and race-day operations, highlighting continued momentum in its AI platform and enterprise use cases. VCARB Partners with Salesforce to Supercharge Fan Engagement with AI, Deploying Agentforce 360
• Positive Sentiment: Salesforce is expanding its AI strategy with a $3.6 billion acquisition of Fin to strengthen Agentforce and broaden its appeal across enterprise and SMB customers, which could support longer-term growth. Salesforce (CRM) Is Spending $3.6 Billion To Grow Agentforce And Reach More Customers
• Neutral Sentiment: Salesforce is drawing renewed investor attention, but recent coverage mostly reflects the stock’s sharp decline rather than a clear new catalyst for a rebound. Salesforce, Inc. (CRM) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Analyst commentary from Jim Cramer and Truist referenced a buy rating and a “big” Salesforce deal, but the discussion appears to be more about sentiment than a concrete near-term operating surprise. Jim Cramer Discusses Big Salesforce (CRM) Deal
• Negative Sentiment: CRM stock hit a new 52-week low and has been sliding for multiple sessions, underscoring ongoing bearish momentum and investor concern about the company’s outlook. CRM stock alert: What to know as Salesforce hits a new 52-week low
• Negative Sentiment: Broader weakness in software stocks and renewed AI-related fears are weighing on Salesforce, with investors questioning whether AI will disrupt the SaaS model and pressure future growth. Salesforce stock hits 52-week low amid record losing streak and AI fears
• Negative Sentiment: Security-related headlines about a Klue breach exposing Salesforce CRM data through stolen OAuth tokens may add to investor caution around the platform ecosystem. Klue breach exposed Salesforce CRM data through stolen OAuth tokens

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CRM shares. Oppenheimer cut their price target on Salesforce from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price objective on shares of Salesforce in a research report on Thursday, May 28th. KeyCorp reduced their target price on shares of Salesforce from $300.00 to $290.00 and set an “overweight” rating on the stock in a report on Thursday, May 28th. Macquarie Infrastructure decreased their price target on shares of Salesforce from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Salesforce from $365.00 to $320.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $257.61.

Salesforce Stock Performance

The company’s fifty day moving average price is $177.01 and its two-hundred day moving average price is $203.55. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $125.53 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 0.94 and a beta of 1.16.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.13 by $0.75. The firm had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. Salesforce’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. As a group, equities analysts expect that Salesforce Inc. will post 10.29 earnings per share for the current year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, June 11th. Salesforce’s dividend payout ratio is presently 20.37%.

Salesforce declared that its Board of Directors has authorized a stock repurchase program on Monday, March 16th that permits the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization permits the CRM provider to purchase up to 14.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Salesforce

A number of institutional investors have recently added to or reduced their stakes in CRM. Byrne Asset Management LLC lifted its stake in shares of Salesforce by 1.0% in the 4th quarter. Byrne Asset Management LLC now owns 4,331 shares of the CRM provider’s stock valued at $1,147,000 after purchasing an additional 43 shares in the last quarter. Mathes Company Inc. increased its position in Salesforce by 0.4% during the 3rd quarter. Mathes Company Inc. now owns 12,558 shares of the CRM provider’s stock worth $2,976,000 after purchasing an additional 45 shares in the last quarter. Fred Alger Management LLC raised its holdings in Salesforce by 0.3% in the third quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock valued at $3,548,000 after buying an additional 45 shares during the period. Fulcrum Asset Management LLP lifted its position in Salesforce by 1.7% during the third quarter. Fulcrum Asset Management LLP now owns 2,774 shares of the CRM provider’s stock valued at $657,000 after buying an additional 46 shares in the last quarter. Finally, Pine Haven Investment Counsel Inc lifted its position in Salesforce by 1.5% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 3,152 shares of the CRM provider’s stock valued at $835,000 after buying an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

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.