Analysts Set Salesforce Inc. (NYSE:CRM) PT at $249.51

Salesforce Inc. (NYSE:CRM) has received an average recommendation of “Moderate Buy” from the forty-six analysts that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation, twenty-four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $249.5128.

A number of analysts have commented on CRM shares. Scotiabank lowered shares of Salesforce from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, June 18th. Macquarie Infrastructure reduced their price objective on shares of Salesforce from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, May 28th. Raymond James Financial reiterated a “strong-buy” rating on shares of Salesforce in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Finally, The Goldman Sachs Group began coverage on shares of Salesforce in a research report on Thursday, June 18th. They issued a “neutral” rating on the stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CRM. Brighton Jones LLC lifted its position in shares of Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after purchasing an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after purchasing an additional 205 shares in the last quarter. Bison Wealth LLC increased its stake in Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after buying an additional 184 shares during the last quarter. Sivia Capital Partners LLC increased its stake in Salesforce by 3.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider’s stock valued at $807,000 after buying an additional 106 shares during the last quarter. Finally, United Bank lifted its position in shares of Salesforce by 5.2% during the 2nd quarter. United Bank now owns 10,198 shares of the CRM provider’s stock worth $2,781,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Up 4.0%

Shares of NYSE:CRM opened at $188.69 on Monday. 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 has a 52-week low of $146.32 and a 52-week high of $269.11. The business’s 50 day simple moving average is $170.17 and its two-hundred day simple moving average is $185.57. The firm has a market cap of $154.53 billion, a P/E ratio of 21.84, a PEG ratio of 0.98 and a beta of 1.18.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, beating the consensus estimate of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The firm had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the previous year, the company posted $2.58 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. As a group, research analysts forecast that Salesforce will post 10.29 EPS for the current fiscal year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were paid a $0.44 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. Salesforce’s dividend payout ratio is 20.37%.

Salesforce Company Profile

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.