Salesforce (NYSE:CRM) Given New $300.00 Price Target at Stifel Nicolaus

Salesforce (NYSE:CRM) had its price objective lifted by stock analysts at Stifel Nicolaus from $275.00 to $300.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the CRM provider’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 24.13% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Macquarie Infrastructure cut their price target 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. Phillip Securities downgraded Salesforce from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $253.00 to $166.00 in a report on Monday, June 29th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $250.00 price objective on shares of Salesforce in a report on Thursday. Weiss Ratings raised Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Finally, Susquehanna started coverage on Salesforce in a report on Wednesday, July 1st. They set a “neutral” rating for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus price target of $273.18.

Salesforce Stock Down 3.5%

Shares of NYSE CRM opened at $241.68 on Thursday. The stock has a market capitalization of $198.90 billion, a P/E ratio of 22.11, a PEG ratio of 1.17 and a beta of 1.20. Salesforce has a one year low of $146.32 and a one year high of $269.11. The firm’s 50 day simple moving average is $205.81 and its two-hundred day simple moving average is $188.56. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The firm had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.33 billion. During the same period in the previous year, the business 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. As a group, analysts expect that Salesforce will post 12.83 EPS for the current fiscal year.

Insider Activity at Salesforce

In other news, Director Craig Conway sold 4,500 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the completion of the sale, the director directly owned 5,437 shares in the company, valued at approximately $1,416,936.57. This represents a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CRM. Anchor Investment Management LLC grew its position in shares of Salesforce by 184.5% in the 2nd quarter. Anchor Investment Management LLC now owns 17,983 shares of the CRM provider’s stock worth $2,817,000 after buying an additional 11,663 shares during the last quarter. Marathon Wealth Advisors LLC raised its holdings in shares of Salesforce by 1.2% during the second quarter. Marathon Wealth Advisors LLC now owns 21,267 shares of the CRM provider’s stock valued at $3,332,000 after acquiring an additional 260 shares in the last quarter. ABS Direct Equity Fund LLC purchased a new stake in Salesforce in the second quarter worth $25,000. Van Hulzen Asset Management LLC boosted its holdings in Salesforce by 73.0% in the second quarter. Van Hulzen Asset Management LLC now owns 2,136 shares of the CRM provider’s stock valued at $335,000 after acquiring an additional 901 shares in the last quarter. Finally, MCF Advisors LLC increased its position in Salesforce by 35.4% during the 2nd quarter. MCF Advisors LLC now owns 3,486 shares of the CRM provider’s stock valued at $547,000 after purchasing an additional 912 shares during the period. Institutional investors own 80.43% of the company’s stock.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce projected fiscal 2030 revenue of more than $63 billion, above Wall Street expectations. The outlook suggests that AI, data products and Agentforce can reaccelerate growth and counter fears that generative AI could disrupt Salesforce’s core software business. Salesforce issues revenue target of over $63 billion for fiscal 2030
• Positive Sentiment: Salesforce introduced AIforce, a new interface layer intended to let users interact with CRM data and applications through AI agents rather than traditional software navigation. It also unveiled Koa, a CRM reasoning model developed with NVIDIA, and expanded integrations involving Anthropic, Slack, Amazon and OpenAI. These initiatives could increase premium-product adoption and customer spending. Salesforce unleashes AIForce to enable headless SaaS
• Positive Sentiment: Analysts became more constructive: BMO raised its target to $285, Canaccord lifted its target to $300 with a Buy rating, Cantor Fitzgerald reiterated Overweight at $300, and Mizuho raised its target to $280. The upgrades reinforce confidence in Salesforce’s AI monetization prospects.
• Positive Sentiment: Investors are also highlighting Salesforce’s $25 billion share-repurchase authorization, while unusually heavy call-option activity indicates increased speculative bullish interest.
• Neutral Sentiment: A partnership with Snap will bring Salesforce and other enterprise tools to Snap’s augmented-reality glasses. The deal could broaden Salesforce’s distribution, although its near-term financial impact is unclear. Snap targets enterprises with Salesforce, Nvidia AI tools
• Negative Sentiment: A widespread service outage during Dreamforce caused delays and intermittent access problems for customers, creating reputational and execution concerns at a closely watched investor event. Salesforce Service Outages Strike on Day 2 of Dreamforce Conference

Salesforce Company Profile

Salesforce, Inc is a cloud-based software company that provides customer relationship management (CRM) technology and related enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, data analytics and business operations through subscription-based software and cloud services.

The company’s product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Data Cloud and the Salesforce Platform. Salesforce also offers Slack for workplace collaboration, Tableau for data visualization and analytics, MuleSoft for application integration, and artificial intelligence capabilities, including its Agentforce platform for building and deploying AI agents.

Founded in 1999, Salesforce is headquartered in San Francisco, California, and serves businesses and organizations across a broad range of industries and geographic markets worldwide.