Salesforce (NYSE:CRM) Updates Q3 2027 Earnings Guidance

Salesforce (NYSE:CRM) issued an update on its third quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.420-3.440 for the period, compared to the consensus earnings per share estimate of 3.160. The company issued revenue guidance of $11.4 billion-$11.5 billion, compared to the consensus revenue estimate of $11.4 billion. Salesforce also updated its FY 2027 guidance to 16.670-16.710 EPS.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $315.00 price objective on Salesforce in a report on Tuesday. B. Riley Financial upped their price objective on shares of Salesforce from $205.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Weiss Ratings raised shares of Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Royal Bank Of Canada downgraded shares of Salesforce from a “sector perform” rating to a “sector perform” rating in a research note on Wednesday, July 1st. Finally, Morgan Stanley restated an “equal weight” rating and set a $185.00 price target (down from $287.00) on shares of Salesforce in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and an average price target of $250.49.

Salesforce Stock Performance

NYSE:CRM opened at $206.01 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. The firm’s fifty day simple moving average is $177.13 and its 200 day simple moving average is $181.60. The stock has a market cap of $168.72 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 1.11 and a beta of 1.16. Salesforce has a twelve month low of $146.32 and a twelve month high of $269.11.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, topping 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 analysts’ expectations of $11.33 billion. During the same period last year, the company posted $2.91 EPS. The company’s quarterly 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, research analysts predict that Salesforce will post 10.27 EPS for the current year.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Results exceeded expectations. Salesforce reported adjusted EPS of $5.90 versus the $3.27 consensus estimate, while revenue rose 10.8% year over year to $11.35 billion, slightly above forecasts. Salesforce Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Higher full-year outlook signals confidence. Salesforce raised fiscal 2027 guidance to $46.1 billion-$46.4 billion in revenue and $16.67-$16.71 in EPS. Its third-quarter EPS forecast of $3.42-$3.44 also exceeds the $3.16 analyst estimate. Salesforce Raises Annual Revenue Forecasts
• Positive Sentiment: AI adoption is becoming a growth catalyst. Agentforce annual recurring revenue reached $1.5 billion, and management said AI usage on the platform has increased sixfold. The figures support Salesforce’s argument that autonomous agents are expanding—not undermining—its CRM ecosystem. Salesforce Q2 Earnings Call Highlights
• Positive Sentiment: Expanded Anthropic partnership strengthens the AI narrative. The new “Claudeforce” integration brings Anthropic’s Claude into Salesforce workflows, data and business processes, potentially increasing enterprise engagement and supporting the company’s competitive positioning. Salesforce and Anthropic Announce Claudeforce
• Positive Sentiment: Analyst support adds momentum. Citizens JMP reiterated a Market Outperform rating with a $315 target, while Canaccord maintained a Buy rating and a $225 target. Citizens JMP Market Outperform Rating
• Neutral Sentiment: Broader technology sentiment also improved after Nvidia delivered strong results and an optimistic AI outlook, lifting confidence in continued enterprise AI spending. Nvidia Outlook Boosts Markets
• Negative Sentiment: Investors remain sensitive to whether AI agents could eventually cannibalize traditional software revenue, and software stocks continue to face elevated volatility. Salesforce’s forecast also includes expected acquisitions, making organic growth an important metric to monitor.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Gilpin Wealth Management LLC purchased a new stake in Salesforce in the fourth quarter worth $26,000. Swiss RE Ltd. purchased a new position in Salesforce during the fourth quarter valued at $28,000. Birchwood Financial Partners Inc. purchased a new position in Salesforce during the fourth quarter valued at $28,000. Texas Capital Bancshares Inc TX bought a new stake in Salesforce during the third quarter worth about $28,000. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in Salesforce in the fourth quarter worth about $42,000. 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.