Salesforce (NYSE:CRM) Price Target Raised to $222.00

Salesforce (NYSE:CRM) had its target price raised by Monness Crespi & Hardt from $200.00 to $222.00 in a report issued on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the CRM provider’s stock.

Several other brokerages have also recently issued reports on CRM. BMO Capital Markets dropped their target price on shares of Salesforce from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, May 28th. Phillip Securities cut Salesforce from a “buy” rating to a “hold” rating and lowered their price target for the company from $253.00 to $166.00 in a report on Monday, June 29th. Susquehanna started coverage on Salesforce in a report on Wednesday, July 1st. They set a “neutral” rating on the stock. UBS Group raised their price target on Salesforce from $185.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, TD Cowen reaffirmed a “buy” rating on shares of Salesforce in a report on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $249.05.

Salesforce Price Performance

NYSE CRM opened at $195.86 on Thursday. Salesforce has a one year low of $146.32 and a one year high of $269.11. The stock has a 50-day moving average of $171.41 and a 200 day moving average of $182.28. 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 company has a market capitalization of $160.41 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 1.06 and a beta of 1.16.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $0.75. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The business had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter in the prior year, the business earned $2.58 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. On average, sell-side analysts forecast that Salesforce will post 10.27 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, June 11th. Salesforce’s dividend payout ratio is presently 20.37%.

Hedge Funds Weigh In On Salesforce

Hedge funds have recently made changes to their positions in the business. Commonwealth Retirement Investments LLC purchased a new position in Salesforce in the 4th quarter worth approximately $25,000. Key Capital Management INC purchased a new stake in Salesforce during the 4th quarter valued at approximately $26,000. Manning & Napier Advisors LLC bought a new stake in shares of Salesforce during the second quarter valued at approximately $26,000. Gilpin Wealth Management LLC purchased a new position in shares of Salesforce in the fourth quarter worth $26,000. Finally, Persistent Asset Partners Ltd bought a new position in shares of Salesforce during the second quarter worth $27,000. Institutional investors own 80.43% of the company’s stock.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: JPMorgan resumed coverage with an Overweight rating and a $250 price target, citing potential acceleration in Salesforce’s core business during the second half of the year. The target implies more than 24% upside from recent levels. JPMorgan bullish Salesforce coverage
• Positive Sentiment: Monness Crespi & Hardt raised its Salesforce price target to $222 from $200 and maintained a Buy rating. UBS and Wells Fargo also reportedly forecast strong appreciation, reinforcing improving sell-side sentiment. Monness Crespi Salesforce price target
• Positive Sentiment: Salesforce’s Agentforce platform is gaining traction, giving the company a way to use its large CRM customer base to compete with Microsoft and Oracle in enterprise “agentic” AI. Salesforce agentic AI analysis
• Positive Sentiment: A Seeking Alpha analysis argues that Salesforce’s $27.1 billion share-repurchase program, equivalent to an estimated 23% net buyback yield, could support earnings-per-share growth. The stock also appears inexpensive at roughly 14 times forward earnings, although buybacks have increased debt. Salesforce buyback analysis
• Neutral Sentiment: Salesforce has recently posted strong momentum, with reports noting three consecutive weeks of gains and substantial one-month appreciation. That run may be encouraging investors, but it also raises the possibility of profit-taking.
• Negative Sentiment: Parnassus Investments indicated that Salesforce has lost favor as AI opportunities shift toward competing or substitute technologies. Other commentary likewise warns that alternative software and AI-native tools threaten Salesforce’s traditional CRM franchise. Salesforce AI competition concerns

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.