Salesforce’s (CRM) “Overweight” Rating Reiterated at Cantor Fitzgerald

by · The Markets Daily

Cantor Fitzgerald reaffirmed their overweight rating on shares of Salesforce (NYSE:CRM – Free Report) in a report published on Thursday,Benzinga reports. They currently have a $250.00 target price on the CRM provider’s stock.

Several other research analysts have also recently weighed in on CRM. Daiwa Securities Group lowered their price target on shares of Salesforce from $295.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, June 2nd. Wells Fargo & Company boosted their target price on shares of Salesforce from $200.00 to $205.00 and gave the company an “equal weight” rating in a report on Wednesday, August 12th. Citigroup restated a “market outperform” rating on shares of Salesforce in a report on Tuesday. Jefferies Financial Group upped their price objective on Salesforce from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday. Finally, BTIG Research restated a “buy” rating and issued a $255.00 target price on shares of Salesforce in a research report on Monday, August 24th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and an average price target of $261.15.

Get Our Latest Research Report on CRM

Salesforce Trading Up 1.8%

CRM opened at $256.60 on Thursday. The firm has a market capitalization of $210.16 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16. The company’s 50 day simple moving average is $181.24 and its two-hundred day simple moving average is $182.55. Salesforce has a 1-year low of $146.32 and a 1-year high of $269.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.79.

Salesforce (NYSE:CRM – Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating the consensus estimate of $3.27 by $2.63. The firm had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.91 earnings per share. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Analysts expect that Salesforce will post 12.77 EPS for the current fiscal year.

Institutional Trading of Salesforce

Large investors have recently modified their holdings of the stock. California State Teachers Retirement System increased its holdings in Salesforce by 13,260.5% during the 2nd quarter. California State Teachers Retirement System now owns 188,085,056 shares of the CRM provider’s stock worth $29,465,405,000 after purchasing an additional 186,677,290 shares during the period. BlackRock Inc. acquired a new position in shares of Salesforce during the second quarter worth about $11,396,844,000. J. Stern & Co. LLP grew its position in shares of Salesforce by 24,056.7% during the fourth quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock worth $12,552,896,000 after buying an additional 47,189,352 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Salesforce during the second quarter worth approximately $1,914,086,000. Finally, Norges Bank purchased a new stake in shares of Salesforce during the fourth quarter worth approximately $3,182,951,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

  • Positive Sentiment: Strong quarterly beat and raised outlook: 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, broadly topping expectations. Management raised its fiscal 2027 revenue outlook to approximately $46.1 billion-$46.4 billion and pointed to stronger bookings, lower attrition and potential organic growth reacceleration. Salesforce Stock Soars After Strong Results, Raised Outlook
  • Positive Sentiment: AI partnership strengthens the growth narrative: Salesforce expanded its alliance with Anthropic, integrating Claude into Agentforce and launching “Claudeforce,” which places Salesforce CRM capabilities inside Claude. Investors viewed the agreement as evidence that Salesforce can monetize AI and benefit from rising usage; Agentforce and Data 360 annual recurring revenue approached $3.9 billion, with Agentforce ARR reaching about $1.5 billion. Salesforce Soars on Earnings Beat and AI Partnership
  • Positive Sentiment: Analyst and institutional support: Wolfe Research upgraded CRM to “strong buy,” while several firms raised price targets, including Truist to $300, JPMorgan to $265 and Mizuho to $265. Heavy trading and reports of institutional buying suggest investors are reassessing the stock’s valuation and the broader software sector’s AI prospects.
  • Neutral Sentiment: Profit quality warrants scrutiny: Strategic investment gains contributed $2.53 of the $5.90 adjusted EPS, including an estimated $2.7 billion unrealized gain tied to Salesforce’s Anthropic investment. This boosted reported earnings but may not represent recurring operating performance. Salesforce Stock Just Soared. Thank Anthropic.
  • Negative Sentiment: Valuation and execution risks remain: After the rally, some analysts still see limited upside or downside, with UBS, Citi, Morgan Stanley and Wells Fargo retaining neutral or equivalent ratings. Critics also caution that Anthropic could control the AI orchestration layer, potentially limiting Salesforce’s long-term strategic leverage, while the rapid move may already price in much of the AI opportunity.

Salesforce Company Profile

(Get Free Report)

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.

Read More