Salesforce (NYSE:CRM) Price Target Raised to $240.00

Salesforce (NYSE:CRM) had its target price increased by UBS Group from $210.00 to $240.00 in a report issued on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the CRM provider’s stock.

A number of other brokerages also recently weighed in on CRM. Macquarie Infrastructure cut their price target 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. Guggenheim reiterated a “buy” rating and issued a $228.00 target price on shares of Salesforce in a report on Thursday. BMO Capital Markets increased their target price on shares of Salesforce from $230.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday. Raymond James Financial reiterated a “strong-buy” rating on shares of Salesforce in a research report on Thursday. Finally, Barclays raised their price objective on Salesforce from $236.00 to $276.00 and gave the stock an “overweight” rating in a research note on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.15.

Salesforce Stock Up 1.8%

CRM opened at $256.60 on Thursday. Salesforce has a one year low of $146.32 and a one year high of $269.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.79 and a current ratio of 0.84. The stock’s fifty day moving average is $181.24 and its 200-day moving average is $182.55. The company has a market capitalization of $210.16 billion, a PE ratio of 23.39, a P/E/G ratio of 1.38 and a beta of 1.16.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating the consensus estimate of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The business had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.33 billion. During the same quarter in the prior year, the firm posted $2.91 earnings per share. The company’s revenue was up 10.8% on a year-over-year basis. 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, equities analysts predict that Salesforce will post 12.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Salesforce

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRM. Temasek Holdings Private Ltd lifted its stake in Salesforce by 3.7% in the 4th quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock worth $181,143,000 after acquiring an additional 24,332 shares in the last quarter. SFE Investment Counsel grew its stake in Salesforce by 82.7% during the 4th quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock valued at $4,608,000 after acquiring an additional 7,871 shares in the last quarter. Fluent Financial LLC purchased a new position in Salesforce during the 2nd quarter valued at about $2,265,000. Secured Retirement Advisors LLC acquired a new position in shares of Salesforce in the 1st quarter valued at about $1,004,000. Finally, Janus Henderson Group PLC increased its holdings in shares of Salesforce by 2.5% in the 1st quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock valued at $23,846,000 after purchasing an additional 3,125 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Strong quarterly beat and raised outlook: Salesforce reported adjusted EPS of $5.90 versus the $3.27 consensus estimate, while revenue rose 10.8% year over year to $11.35 billion, broadly topping expectations. Management raised its fiscal 2027 revenue outlook to approximately $46.1 billion-$46.4 billion and pointed to stronger bookings, lower attrition and potential organic growth reacceleration. Salesforce Stock Soars After Strong Results, Raised Outlook
• Positive Sentiment: AI partnership strengthens the growth narrative: Salesforce expanded its alliance with Anthropic, integrating Claude into Agentforce and launching “Claudeforce,” which places Salesforce CRM capabilities inside Claude. Investors viewed the agreement as evidence that Salesforce can monetize AI and benefit from rising usage; Agentforce and Data 360 annual recurring revenue approached $3.9 billion, with Agentforce ARR reaching about $1.5 billion. Salesforce Soars on Earnings Beat and AI Partnership
• Positive Sentiment: Analyst and institutional support: Wolfe Research upgraded CRM to “strong buy,” while several firms raised price targets, including Truist to $300, JPMorgan to $265 and Mizuho to $265. Heavy trading and reports of institutional buying suggest investors are reassessing the stock’s valuation and the broader software sector’s AI prospects.
• Neutral Sentiment: Profit quality warrants scrutiny: Strategic investment gains contributed $2.53 of the $5.90 adjusted EPS, including an estimated $2.7 billion unrealized gain tied to Salesforce’s Anthropic investment. This boosted reported earnings but may not represent recurring operating performance. Salesforce Stock Just Soared. Thank Anthropic.
• Negative Sentiment: Valuation and execution risks remain: After the rally, some analysts still see limited upside or downside, with UBS, Citi, Morgan Stanley and Wells Fargo retaining neutral or equivalent ratings. Critics also caution that Anthropic could control the AI orchestration layer, potentially limiting Salesforce’s long-term strategic leverage, while the rapid move may already price in much of the AI opportunity.

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.