Salesforce (NYSE:CRM) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Salesforce (NYSE:CRM) had its price target increased by equities researchers at Wells Fargo & Company from $230.00 to $250.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the CRM provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 2.73% from the company’s previous close.

CRM has been the subject of several other reports. Mizuho lifted their price objective on Salesforce from $265.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday. Wedbush started coverage on Salesforce in a report on Wednesday, July 1st. They set an “outperform” rating for the company. Wolfe Research upgraded Salesforce from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 27th. Monness Crespi & Hardt boosted their target price on shares of Salesforce from $222.00 to $266.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $325.00 price objective on shares of Salesforce in a research note on Thursday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $274.80.

Salesforce Stock Down 2.9%

Shares of Salesforce stock opened at $243.35 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. Salesforce has a 1 year low of $146.32 and a 1 year high of $269.11. The stock has a 50-day moving average price of $207.43 and a 200 day moving average price of $188.91. The company has a market cap of $200.28 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.14 and a beta of 1.20.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) 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 business had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.33 billion. During the same period in the prior year, the firm earned $2.91 earnings per share. The firm’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 expect that Salesforce will post 12.82 EPS for the current fiscal year.

Insider Activity

In other news, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $260.61, for a total value of $1,172,745.00. Following the transaction, the director directly owned 5,437 shares in the company, valued at approximately $1,416,936.57. The trade was 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. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Temasek Holdings Private Ltd grew its position in Salesforce by 3.7% in the 4th quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock worth $181,143,000 after purchasing an additional 24,332 shares during the last quarter. Fluent Financial LLC acquired a new stake in Salesforce during the second quarter worth about $2,265,000. Secured Retirement Advisors LLC bought a new position in Salesforce during the first quarter valued at about $1,004,000. TAM Capital Management Inc. acquired a new position in Salesforce in the 1st quarter valued at approximately $40,945,000. Finally, Janus Henderson Group PLC grew its holdings in shares of Salesforce by 2.5% during the 1st quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock worth $23,846,000 after purchasing an additional 3,125 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce set a fiscal 2030 revenue target of more than $63 billion, above analyst expectations. The forecast suggests management believes Agentforce, AIforce and data products can accelerate growth while easing concerns that AI will disrupt Salesforce’s core software business. Salesforce issues revenue target of over $63 billion for fiscal 2030, beating estimates
• Positive Sentiment: Analysts responded favorably, with Stifel, Canaccord Genuity, BMO Capital Markets and Freedom Broker raising price targets, generally to $285-$300 and maintaining bullish ratings. The upgrades reflect expectations for AI monetization and stronger new-order growth. CRM Stock Drops Despite Fresh Price Target Hikes
• Positive Sentiment: Salesforce is expanding its AI ecosystem through integrations with Google Gemini, Anthropic’s Claude, OpenAI and Nvidia technology. The company also introduced Koa, a CRM-focused reasoning model, and announced an enterprise partnership with Snap for augmented-reality tools. These efforts could increase usage of Salesforce data and Agentforce. Google Cloud, Salesforce Tie Gemini Enterprise to Agentforce and CRM Data
• Neutral Sentiment: At Dreamforce, business leaders said currently available AI models are sufficient for their needs. This supports near-term adoption but may limit demand for constantly upgraded models and underscores the challenge of converting AI interest into premium pricing. AI safety debate meets reality at Dreamforce
• Negative Sentiment: A widespread Salesforce service outage during Dreamforce hurt investor confidence by highlighting reliability and execution risks at a critical customer event. Salesforce Service Outages Strike on Day 2 of Dreamforce Conference
• Negative Sentiment: Investors remain cautious about Agentforce’s return on investment, pricing and the portion of Claude-related revenue Salesforce will capture. After a rapid run toward its 52-week high, profit-taking may also be contributing to the decline.

About Salesforce

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.