Citizens Jmp Reiterates “Market Outperform” Rating for Salesforce (NYSE:CRM)

Salesforce (NYSE:CRM)‘s stock had its “market outperform” rating reiterated by equities research analysts at Citizens Jmp in a report released on Friday, Benzinga reports. They presently have a $315.00 target price on the CRM provider’s stock. Citizens Jmp’s target price points to a potential upside of 29.44% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company lifted their price target on shares of Salesforce from $230.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Friday. Weiss Ratings upgraded shares of Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Roth Capital reaffirmed a “buy” rating and set a $325.00 price objective on shares of Salesforce in a research report on Thursday, May 28th. Phillip Securities downgraded shares of Salesforce from a “buy” rating to a “hold” rating and lowered their target price for the stock from $253.00 to $166.00 in a research note on Monday, June 29th. Finally, Guggenheim raised their price target on Salesforce from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $275.14.

Salesforce Price Performance

Shares of CRM opened at $243.35 on Friday. The company has a market cap of $200.28 billion, a P/E ratio of 22.18, a PEG ratio of 1.14 and a beta of 1.20. Salesforce has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The firm’s 50 day moving average price is $207.43 and its 200 day moving average price is $188.91.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. The firm had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.Salesforce’s revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business posted $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. On average, research analysts forecast that Salesforce will post 12.82 earnings per share for the current fiscal year.

Insider Activity at Salesforce

In other news, Director Craig Conway sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was 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 owned 5,437 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this link. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Salesforce

Several hedge funds and other institutional investors have recently bought and sold shares of CRM. State Street Corp grew its position in shares of Salesforce by 1.3% in the fourth quarter. State Street Corp now owns 50,080,230 shares of the CRM provider’s stock valued at $13,286,909,000 after purchasing an additional 659,573 shares during the last quarter. BlackRock Inc. purchased a new stake in Salesforce in the 2nd quarter valued at approximately $11,396,844,000. Capital International Investors grew its holdings in Salesforce by 13.3% during the 4th quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider’s stock valued at $6,019,199,000 after buying an additional 2,669,891 shares during the last quarter. Geode Capital Management LLC increased its position in Salesforce by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 21,782,556 shares of the CRM provider’s stock worth $5,751,073,000 after buying an additional 791,345 shares in the last quarter. Finally, Capital World Investors raised its holdings in shares of Salesforce by 13.5% in the fourth quarter. Capital World Investors now owns 19,672,684 shares of the CRM provider’s stock worth $5,211,515,000 after acquiring an additional 2,347,478 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Long-term revenue outlook exceeded expectations. At Dreamforce, Salesforce projected fiscal 2030 revenue of more than $63 billion, supported by accelerating demand for artificial intelligence and data products. The forecast helped ease fears that AI could disrupt Salesforce’s core software business. Salesforce issues revenue target of over $63 billion for fiscal 2030
• Positive Sentiment: Analysts raised price targets across the board. Stifel and Canaccord lifted their targets to $300, while BMO raised its target to $285 and Wells Fargo increased its target to $250. The upgrades reflect expectations that Agentforce, data products, and other enterprise AI offerings can drive a re-rating of CRM. Six Analysts Turn Bullish on Salesforce
• Positive Sentiment: AI ecosystem momentum is expanding. Salesforce announced integrations involving Google Gemini, Anthropic’s Claude, OpenAI, Nvidia, Slack, and Snap. Agentforce annual recurring revenue reportedly reached $1.5 billion, up 240% year over year, while net new annual order value growth reached a four-year high.
• Neutral Sentiment: Options activity signals increased speculative interest. Traders bought approximately 253,000 CRM call options, about 171% above typical daily call volume. The activity may indicate bullish positioning, but it does not guarantee sustained buying in the stock.
• Negative Sentiment: Execution and monetization concerns remain. Partner checks were positive on demand but mixed on pricing, and analysts continue to question how quickly Agentforce and Claude integrations will translate into Salesforce revenue. Reports also noted that Agentforce’s return on investment remains an open issue.
• Negative Sentiment: A service outage created an unwelcome headline during Dreamforce. The disruption affected access to parts of Salesforce’s cloud software suite, raising concerns about reliability and adding pressure while the company promotes AI-powered enterprise applications. Salesforce stock falls as service outage hits during crucial 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.