Salesforce (NYSE:CRM) Price Target Raised to $300.00 at Canaccord Genuity Group

Salesforce (NYSE:CRM) had its target price lifted by analysts at Canaccord Genuity Group from $270.00 to $300.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the CRM provider’s stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 19.70% from the company’s previous close.

CRM has been the subject of a number of other research reports. Stifel Nicolaus restated a “buy” rating and issued a $275.00 target price on shares of Salesforce in a research note on Friday, September 11th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Salesforce in a research note on Thursday, August 27th. Wall Street Zen downgraded Salesforce from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Raymond James Financial reiterated a “strong-buy” rating on shares of Salesforce in a research note on Thursday, August 27th. Finally, Argus boosted their target price on shares of Salesforce from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, August 31st. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus price target of $269.38.

Salesforce Stock Down 2.0%

Salesforce stock opened at $250.64 on Thursday. Salesforce has a 1-year low of $146.32 and a 1-year high of $269.11. The business has a fifty day moving average price of $205.81 and a 200-day moving average price of $188.56. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $206.27 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.17 and a beta of 1.20.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, topping the consensus estimate of $3.27 by $2.63. The business had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company earned $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. Equities research analysts forecast that Salesforce will post 12.83 EPS for the current fiscal year.

Insider Buying and Selling at Salesforce

In related news, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $260.61, for a total value of $1,172,745.00. Following the sale, the director directly owned 5,437 shares in the company, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.50% of the stock is currently owned by company insiders.

Institutional Trading of Salesforce

A number of institutional investors have recently made changes to their positions in CRM. BlackRock Inc. acquired a new stake in Salesforce during the 2nd quarter worth $11,396,844,000. 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 in the last quarter. Capital International Investors increased its holdings in shares of Salesforce by 13.3% in the fourth quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider’s stock valued at $6,019,199,000 after purchasing an additional 2,669,891 shares during the last quarter. Geode Capital Management LLC lifted 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 lifted its position in Salesforce by 13.5% during the fourth quarter. Capital World Investors now owns 19,672,684 shares of the CRM provider’s stock worth $5,211,515,000 after buying an additional 2,347,478 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce set a fiscal 2030 revenue target of more than $63 billion, above analyst expectations. The forecast helped ease concerns that generative AI could disrupt Salesforce’s core software business and suggested that Agentforce and other AI offerings can support renewed growth. Salesforce issues revenue target of over $63 billion
• Positive Sentiment: The company unveiled AIforce, a new interface layer intended to let users access CRM data and AI agents across tools including Claude, Slack and Amazon platforms. Salesforce also introduced Koa, a CRM-specific reasoning model developed with NVIDIA, strengthening its AI product strategy. Salesforce unleashes AIForce
• Positive Sentiment: Salesforce’s $25 billion stock-repurchase program is receiving favorable attention, while Mizuho raised its price target from $265 to $280 and maintained an outperform rating. Stronger Slackbot adoption and expanding Agentforce activity also point to growing customer interest in Salesforce’s AI tools. Salesforce’s $25 billion buyback
• Neutral Sentiment: Partnerships with OpenAI, NVIDIA, AWS, Siemens and Snap expand Salesforce’s distribution and enterprise use cases, including government AI, industrial service and augmented-reality applications. However, the financial contribution from these initiatives remains uncertain. Snap targets enterprises with Salesforce and NVIDIA AI tools
• Negative Sentiment: A widespread Salesforce service outage caused severe delays, intermittent errors or loss of access to parts of its cloud software suite during Dreamforce. The timing raises concerns about reliability and customer experience, overshadowing otherwise positive conference announcements. Salesforce service outages strike Dreamforce

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.