Salesforce (NYSE:CRM) Receives “Buy” Rating from Guggenheim

Salesforce (NYSE:CRM)‘s stock had its “buy” rating reaffirmed by Guggenheim in a note issued to investors on Thursday,Benzinga reports. They currently have a $228.00 target price on the CRM provider’s stock. Guggenheim’s price objective would suggest a potential upside of 10.68% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada lowered Salesforce from a “sector perform” rating to a “sector perform” rating in a research note on Wednesday, July 1st. HSBC upped their target price on Salesforce from $350.00 to $356.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Wolfe Research lowered Salesforce from an “outperform” rating to a “hold” rating in a report on Wednesday, July 1st. Daiwa Securities Group lowered their target price on shares of Salesforce from $295.00 to $280.00 and set a “buy” rating on the stock in a research note on Tuesday, June 2nd. Finally, Jefferies Financial Group upgraded shares of Salesforce from a “buy” rating to a “buy” rating in a research report on Wednesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.49.

Salesforce Price Performance

CRM stock opened at $206.00 on Thursday. The firm has a 50 day moving average of $172.69 and a 200-day moving average of $181.41. The firm has a market capitalization of $168.71 billion, a P/E ratio of 23.79, a price-to-earnings-growth ratio of 1.06 and a beta of 1.16. Salesforce has a 12 month low of $146.32 and a 12 month high of $269.11. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $3.13 by $0.75. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The business had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the prior year, the firm posted $2.58 EPS. Salesforce’s 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, sell-side analysts predict that Salesforce will post 10.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Salesforce

A number of hedge funds have recently made changes to their positions in CRM. Brighton Jones LLC raised its position in Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after purchasing an additional 3,102 shares during the period. Revolve Wealth Partners LLC boosted its position in Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after buying an additional 205 shares during the period. Bison Wealth LLC grew its stake in shares of Salesforce by 9.0% during the fourth 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 holdings in shares of Salesforce by 3.7% in the second quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider’s stock worth $807,000 after buying an additional 106 shares during the period. Finally, United Bank lifted its stake in shares of Salesforce by 5.2% in the 2nd quarter. United Bank now owns 10,198 shares of the CRM provider’s stock valued at $2,781,000 after acquiring an additional 500 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Analyst reiterates bullish view: Cantor Fitzgerald reaffirmed its “overweight” rating and assigned a $250 price target, implying approximately 21% upside from the reference price. Benzinga
• Positive Sentiment: Agentforce momentum supports the AI narrative: Salesforce’s Agentforce annual recurring revenue reportedly surged 205% as customer adoption increased. Deeper integration of AI into CRM workflows could strengthen Salesforce’s competitive position in enterprise software and support longer-term revenue growth. Agentforce AI analysis
• Positive Sentiment: Product expansion: Salesforce expanded Headless 360 across its portfolio, potentially improving flexibility for developers and broadening the platform’s role in customers’ technology stacks. Headless 360 expansion
• Positive Sentiment: Valuation and sector rotation: Commentators described CRM as a long-term value opportunity, while investors rotated from semiconductor stocks into beaten-down software names. Salesforce also benefits from indirect exposure to Anthropic through its investment and integration relationships. Software sector rotation
• Neutral Sentiment: Upcoming earnings remain the key catalyst: Investors are increasingly focused on Salesforce’s expected late-August earnings report. The company’s latest quarter exceeded EPS and revenue estimates, but the market wants evidence that AI monetization is translating into sustained growth.
• Negative Sentiment: Beat expectations are mixed: A Zacks analysis indicated Salesforce may lack the usual combination of factors associated with a likely earnings beat. Concerns about software business models being disrupted by AI could also limit enthusiasm despite recent analyst upgrades. Salesforce earnings expectations

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.