Cantor Fitzgerald Reiterates “Overweight” Rating for Salesforce (NYSE:CRM)

Salesforce (NYSE:CRM)‘s stock had its “overweight” rating reaffirmed by equities researchers at Cantor Fitzgerald in a research note issued to investors on Thursday,Benzinga reports. They currently have a $250.00 price objective on the CRM provider’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 21.41% from the company’s current price.

A number of other analysts have also weighed in on CRM. BTIG Research reissued a “buy” rating and issued a $255.00 price objective on shares of Salesforce in a research report on Tuesday, May 26th. Weiss Ratings raised Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Phillip Securities downgraded Salesforce from a “buy” rating to a “hold” rating and reduced their price target for the stock from $253.00 to $166.00 in a report on Monday, June 29th. Wall Street Zen lowered Salesforce from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, HSBC boosted their price objective on Salesforce from $350.00 to $356.00 and gave the company a “buy” rating in a report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.49.

Salesforce Stock Performance

NYSE:CRM opened at $205.92 on Thursday. The firm has a market capitalization of $168.65 billion, a PE ratio of 23.83, a PEG ratio of 1.06 and a beta of 1.16. The stock’s fifty day moving average is $172.69 and its 200 day moving average is $181.41. Salesforce has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates of $3.13 by $0.75. The business had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.58 earnings per share. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. On average, sell-side analysts anticipate that Salesforce will post 10.27 earnings per share for the current year.

Hedge Funds Weigh In On Salesforce

Large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Salesforce in the 2nd quarter valued at $11,396,844,000. J. Stern & Co. LLP lifted its stake in shares of Salesforce by 24,056.7% during the 4th quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock worth $12,552,896,000 after purchasing an additional 47,189,352 shares during the last quarter. Bank of America Corp DE purchased a new position in Salesforce in the second quarter valued at about $1,914,086,000. Norges Bank bought a new position in Salesforce in the fourth quarter worth about $3,182,951,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Salesforce by 130.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock valued at $2,363,096,000 after buying an additional 7,160,302 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Agentforce momentum is strengthening Salesforce’s AI investment case. Agentforce annual recurring revenue reportedly surged 205% as customers increased AI usage and integrated the tools more deeply into their CRM workflows. Investors may view this as evidence that Salesforce can monetize enterprise AI rather than merely provide access to third-party models. Will Agentforce Help Salesforce Stay Ahead in the Enterprise AI Race?
• Positive Sentiment: Salesforce is expanding its Headless 360 architecture across its product portfolio. The initiative could improve flexibility for customers and developers, support more connected commerce and service experiences, and reinforce Salesforce’s position as an enterprise software platform. Salesforce Expands Headless 360 Across Its Portfolio
• Positive Sentiment: Sector rotation has provided a technical tailwind. Investors have been moving out of semiconductor stocks and into previously underperforming software names, including Salesforce. Commentary defending profitable software franchises against “extinction” fears may also be helping sentiment. Netflix, Salesforce, and Adobe Rally as Investors Rotate Out of Semiconductors and Into Beaten Down Stocks
• Positive Sentiment: Salesforce could benefit indirectly from Anthropic’s potential IPO. The company has participated in Anthropic funding rounds and maintains Claude integrations. A higher valuation for Anthropic could increase the value of Salesforce’s investment and validate demand for enterprise AI partnerships, though the benefit is speculative. The Pre-IPO Playbook: How to Cash in on Anthropic Before the Bell
• Neutral Sentiment: Investors are focused on the upcoming earnings release. Salesforce is expected to report on August 26, making management’s revenue outlook, Agentforce bookings, margins, and signs of AI-related customer demand the next major catalysts. Salesforce Projected to Announce Earnings
• Negative Sentiment: Near-term expectations remain a concern. One Zacks analysis says Salesforce lacks the typical combination of factors associated with a likely earnings beat, while commentary warns that AI could pressure traditional software business models. Failed analyst upgrades and elevated pre-earnings uncertainty could limit further gains. Salesforce Earnings Expected to Grow

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.