BMO Capital Markets Issues Positive Forecast for Salesforce (NYSE:CRM) Stock Price

Salesforce (NYSE:CRM) had its price target increased by investment analysts at BMO Capital Markets from $230.00 to $260.00 in a report issued on Thursday. The brokerage currently has an “outperform” rating on the CRM provider’s stock. BMO Capital Markets’ price objective points to a potential upside of 6.52% from the stock’s current price.

CRM has been the topic of a number of other reports. Scotiabank downgraded Salesforce from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, June 18th. Roth Capital reissued a “buy” rating and issued a $325.00 price objective on shares of Salesforce in a research note on Thursday, May 28th. UBS Group boosted their price objective on Salesforce from $185.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Bank of America assumed coverage on Salesforce in a research report on Monday, May 18th. They set an “underperform” rating and a $160.00 target price on the stock. Finally, HC Wainwright downgraded shares of Salesforce to a “negative” rating in a research report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $254.33.

Salesforce Stock Up 18.7%

NYSE CRM traded up $38.47 on Thursday, hitting $244.09. 9,952,909 shares of the company were exchanged, compared to its average volume of 13,603,953. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. The company has a market cap of $199.91 billion, a PE ratio of 28.16, a PEG ratio of 1.11 and a beta of 1.16. The stock has a fifty day moving average of $177.13 and a 200-day moving average of $181.60. Salesforce has a 12 month low of $146.32 and a 12 month 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 18.73% and a return on equity of 18.72%. The firm had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. During the same period in the previous year, the firm posted $2.91 earnings per share. The business’s revenue was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. As a group, analysts forecast that Salesforce will post 10.27 earnings per share for the current year.

Institutional Trading of Salesforce

Institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System raised its holdings in shares of Salesforce by 13,260.5% in the second quarter. California State Teachers Retirement System now owns 188,085,056 shares of the CRM provider’s stock valued at $29,465,405,000 after purchasing an additional 186,677,290 shares during the last quarter. BlackRock Inc. purchased a new position in Salesforce during the second quarter worth about $11,396,844,000. State Street Corp grew its position in Salesforce by 1.3% in the 4th quarter. State Street Corp now owns 50,080,230 shares of the CRM provider’s stock worth $13,286,909,000 after purchasing an additional 659,573 shares in the last quarter. J. Stern & Co. LLP increased its stake in Salesforce by 24,056.7% in the 4th quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock valued at $12,552,896,000 after buying an additional 47,189,352 shares during the last quarter. Finally, Capital International Investors lifted its position in shares of Salesforce by 13.3% during the 4th quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider’s stock worth $6,019,199,000 after buying an additional 2,669,891 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: Earnings beat expectations: Salesforce reported adjusted earnings of $5.90 per share, well above the $3.27 analyst consensus, while revenue rose 10.8% year over year to $11.35 billion, slightly exceeding estimates. Salesforce Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Raised outlook: Management increased fiscal 2027 guidance to $46.1 billion-$46.4 billion in revenue and $16.67-$16.71 in EPS. Third-quarter EPS guidance of $3.42-$3.44 also exceeds the $3.16 consensus, signaling confidence in sustained growth. Salesforce Raises Annual Revenue Forecasts on AI Product Momentum
• Positive Sentiment: AI adoption is accelerating: Agentforce annual recurring revenue reached $1.5 billion, and management said AI usage on the platform increased sixfold. These metrics help counter fears that generative AI could replace traditional enterprise software. Salesforce Q2 2027 Earnings Call Highlights
• Positive Sentiment: Anthropic partnership expands: Salesforce and Anthropic introduced “Claudeforce,” integrating Claude with Salesforce data, workflows and 37 prebuilt sales skills. The collaboration supports Salesforce’s effort to make AI agents a growth engine and reinforces its competitive positioning. Salesforce and Anthropic Announce Claudeforce
• Neutral Sentiment: Analyst sentiment improved: Needham reaffirmed its Buy rating with a $400 target, while Monness Crespi & Hardt raised its target to $266 and Cantor Fitzgerald maintained Overweight with a $250 target. These targets imply substantial upside but do not guarantee future performance.
• Negative Sentiment: Risks remain: Revenue growth remains near 11%, and Salesforce’s stock has been volatile amid concerns about AI-driven software disruption. The large investment gain cited in the quarter may also be less recurring than operating results.

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.