What is KeyCorp’s Forecast for Salesforce FY2028 Earnings?

Salesforce Inc. (NYSE:CRM) – Analysts at KeyCorp lowered their FY2028 earnings per share estimates for Salesforce in a research report issued to clients and investors on Wednesday, July 8th. KeyCorp analyst J. Ader now expects that the CRM provider will post earnings per share of $9.82 for the year, down from their previous estimate of $9.90. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for Salesforce’s current full-year earnings is $10.29 per share.

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

A number of other brokerages have also recently weighed in on CRM. Royal Bank Of Canada cut Salesforce from a “sector perform” rating to a “sector perform” rating in a research note on Wednesday, July 1st. Wedbush initiated coverage on shares of Salesforce in a research report on Wednesday, July 1st. They set an “outperform” rating on the stock. Monness Crespi & Hardt raised shares of Salesforce from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a report on Thursday, June 18th. Bank of America began coverage on shares of Salesforce in a research report on Monday, May 18th. They issued an “underperform” rating and a $160.00 price target for the company. Finally, Sanford C. Bernstein lowered their price objective on shares of Salesforce from $194.00 to $173.00 and set an “underperform” rating on the stock in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $254.42.

Salesforce Trading Down 2.4%

NYSE:CRM opened at $162.65 on Friday. The stock’s 50 day moving average price is $172.25 and its 200 day moving average price is $194.73. The company has a market capitalization of $133.21 billion, a PE ratio of 18.83, a P/E/G ratio of 1.04 and a beta of 1.18. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. Salesforce has a 52-week low of $146.32 and a 52-week high of $274.00.

Institutional Investors Weigh In On Salesforce

Hedge funds have recently modified their holdings of the stock. Byrne Asset Management LLC boosted its holdings in shares of Salesforce by 1.0% in the fourth quarter. Byrne Asset Management LLC now owns 4,331 shares of the CRM provider’s stock valued at $1,147,000 after acquiring an additional 43 shares in the last quarter. Fred Alger Management LLC raised its holdings in Salesforce by 0.3% during the third quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock worth $3,548,000 after purchasing an additional 45 shares in the last quarter. Fulcrum Asset Management LLP lifted its stake in shares of Salesforce by 1.7% in the third quarter. Fulcrum Asset Management LLP now owns 2,774 shares of the CRM provider’s stock valued at $657,000 after purchasing an additional 46 shares during the period. Pine Haven Investment Counsel Inc lifted its stake in shares of Salesforce by 1.5% in the fourth quarter. Pine Haven Investment Counsel Inc now owns 3,152 shares of the CRM provider’s stock valued at $835,000 after purchasing an additional 46 shares during the period. Finally, Richards Merrill & Peterson Inc. boosted its holdings in Salesforce by 1.1% during the fourth quarter. Richards Merrill & Peterson Inc. now owns 4,239 shares of the CRM provider’s stock worth $1,123,000 after buying an additional 46 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce declared that its Board of Directors has authorized a stock repurchase program on Monday, March 16th that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the CRM provider to repurchase up to 14.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, June 11th. Salesforce’s dividend payout ratio is 20.37%.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Negative Sentiment: KeyBanc downgraded Salesforce and removed its price target, citing concerns that Agentforce may not ramp quickly enough to drive near-term growth. Salesforce Stock Downgraded at ‘Possibly Exactly the Wrong Time’
• Negative Sentiment: Market commentary said Salesforce “can’t catch a break” as the stock struggles to recover, reflecting investor concern that the shares could remain under pressure if AI monetization stays slow. Salesforce Can’t Catch A Break: Analyst Downgrades CRM Stock And Finds Little Proof Agentforce Is Gaining Speed
• Neutral Sentiment: Salesforce launched new MCP-powered Slackbot capabilities that can pull CRM data, generate charts, and send DocuSigns, which highlights product innovation but is not yet a clear stock-moving catalyst. Salesforce Launches MCP-Powered Capabilities for Slackbot
• Neutral Sentiment: The company also announced a $1 billion investment in Switzerland to accelerate agentic AI adoption, underscoring long-term commitment to AI, though investors remain focused on near-term returns from that spending. Salesforce bets another $1 billion despite AI spending cratering its stock
• Positive Sentiment: Some analysts remain constructive, with Guggenheim recently upgrading Salesforce and arguing the AI bear case may be overdone, suggesting longer-term upside if execution improves. Salesforce (CRM) Upgraded as AI Bear Case Looks Overdone

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.