Salesforce (CRM) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Salesforce (NYSE: CRM):

• 12/12/2024 – Salesforce is now covered by analysts at Macquarie. They set a “neutral” rating and a $370.00 price target on the stock.
• 12/4/2024 – Salesforce had its price target raised by analysts at Scotiabank from $425.00 to $440.00. They now have a “sector outperform” rating on the stock.
• 12/4/2024 – Salesforce had its price target raised by analysts at JPMorgan Chase & Co. from $340.00 to $380.00. They now have an “overweight” rating on the stock.
• 12/4/2024 – Salesforce had its price target raised by analysts at Barclays PLC from $415.00 to $425.00. They now have an “overweight” rating on the stock.
• 12/4/2024 – Salesforce had its price target raised by analysts at Morgan Stanley from $330.00 to $405.00. They now have an “overweight” rating on the stock.
• 12/4/2024 – Salesforce had its price target raised by analysts at Royal Bank of Canada from $300.00 to $420.00. They now have an “outperform” rating on the stock.
• 12/4/2024 – Salesforce had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $415.00 price target on the stock, up previously from $385.00.
• 12/4/2024 – Salesforce had its price target raised by analysts at BMO Capital Markets from $385.00 to $425.00. They now have an “outperform” rating on the stock.
• 12/4/2024 – Salesforce had its price target raised by analysts at Robert W. Baird from $340.00 to $430.00. They now have an “outperform” rating on the stock.
• 12/4/2024 – Salesforce had its “outperform” rating reaffirmed by analysts at Northland Securities. They now have a $440.00 price target on the stock, up previously from $400.00.
• 12/4/2024 – Salesforce had its price target raised by analysts at Citigroup Inc. from $368.00 to $390.00. They now have a “neutral” rating on the stock.
• 12/4/2024 – Salesforce had its “neutral” rating reaffirmed by analysts at Guggenheim.
• 12/4/2024 – Salesforce had its price target raised by analysts at Loop Capital from $340.00 to $360.00. They now have a “hold” rating on the stock.
• 12/4/2024 – Salesforce had its price target raised by analysts at Jefferies Financial Group Inc. from $400.00 to $425.00. They now have a “buy” rating on the stock.
• 12/4/2024 – Salesforce had its price target raised by analysts at Canaccord Genuity Group Inc. from $315.00 to $415.00. They now have a “buy” rating on the stock.
• 12/4/2024 – Salesforce had its price target raised by analysts at The Goldman Sachs Group, Inc. from $360.00 to $400.00. They now have a “buy” rating on the stock.
• 12/4/2024 – Salesforce had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $400.00 price target on the stock, up previously from $380.00.
• 12/4/2024 – Salesforce had its price target raised by analysts at Stifel Nicolaus from $390.00 to $425.00. They now have a “buy” rating on the stock.
• 12/4/2024 – Salesforce had its price target raised by analysts at Needham & Company LLC from $345.00 to $375.00. They now have a “buy” rating on the stock.
• 12/4/2024 – Salesforce had its price target raised by analysts at Bank of America Co. from $390.00 to $440.00. They now have a “buy” rating on the stock.
• 12/3/2024 – Salesforce had its price target raised by analysts at DA Davidson from $250.00 to $300.00. They now have a “neutral” rating on the stock.
• 12/3/2024 – Salesforce had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $450.00 price target on the stock.
• 12/2/2024 – Salesforce had its price target raised by analysts at Piper Sandler from $325.00 to $395.00. They now have an “overweight” rating on the stock.
• 11/27/2024 – Salesforce had its price target raised by analysts at Citigroup Inc. from $290.00 to $368.00. They now have a “neutral” rating on the stock.
• 11/25/2024 – Salesforce had its price target raised by analysts at Wedbush from $325.00 to $375.00. They now have an “outperform” rating on the stock.
• 11/25/2024 – Salesforce had its price target raised by analysts at Truist Financial Co. from $315.00 to $380.00. They now have a “buy” rating on the stock.
• 11/22/2024 – Salesforce had its price target raised by analysts at UBS Group AG from $275.00 to $360.00. They now have a “neutral” rating on the stock.
• 11/22/2024 – Salesforce had its price target raised by analysts at JMP Securities from $342.00 to $450.00. They now have a “market outperform” rating on the stock.
• 11/21/2024 – Salesforce had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $385.00 price target on the stock, up previously from $330.00.
• 11/21/2024 – Salesforce had its price target raised by analysts at TD Cowen from $290.00 to $340.00. They now have a “hold” rating on the stock.
• 11/20/2024 – Salesforce had its price target raised by analysts at JPMorgan Chase & Co. from $310.00 to $340.00. They now have an “overweight” rating on the stock.
• 11/19/2024 – Salesforce was upgraded by analysts at Erste Group Bank AG from a “hold” rating to a “buy” rating.
• 11/18/2024 – Salesforce is now covered by analysts at Scotiabank. They set a “sector outperform” rating and a $425.00 price target on the stock.
• 11/15/2024 – Salesforce had its price target raised by analysts at BMO Capital Markets from $305.00 to $385.00. They now have an “outperform” rating on the stock.
• 11/14/2024 – Salesforce had its price target raised by analysts at Loop Capital from $270.00 to $340.00. They now have a “hold” rating on the stock.
• 11/13/2024 – Salesforce had its price target raised by analysts at Bank of America Co. from $325.00 to $390.00. They now have a “buy” rating on the stock.
• 11/12/2024 – Salesforce had its price target raised by analysts at Wells Fargo & Company from $275.00 to $330.00. They now have an “equal weight” rating on the stock.
• 11/11/2024 – Salesforce had its price target raised by analysts at Jefferies Financial Group Inc. from $350.00 to $400.00. They now have a “buy” rating on the stock.
• 10/28/2024 – Salesforce had its price target raised by analysts at Stifel Nicolaus from $320.00 to $350.00. They now have a “buy” rating on the stock.
• 10/24/2024 – Salesforce had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $330.00 price target on the stock, up previously from $300.00.
• 10/17/2024 – Salesforce was given a new $343.00 price target on by analysts at Cfra.

Salesforce Trading Up 0.9 %

CRM stock opened at $358.19 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. Salesforce, Inc. has a 52-week low of $212.00 and a 52-week high of $369.00. The company’s 50-day simple moving average is $314.60 and its 200-day simple moving average is $274.42. The firm has a market cap of $342.79 billion, a P/E ratio of 58.91, a PEG ratio of 3.27 and a beta of 1.30.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.03). The firm had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.62 earnings per share. As a group, equities analysts forecast that Salesforce, Inc. will post 7.48 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 18th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Wednesday, December 18th. Salesforce’s dividend payout ratio is presently 26.32%.

Insider Transactions at Salesforce

In related news, insider Miguel Milano sold 719 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $342.81, for a total transaction of $246,480.39. Following the completion of the transaction, the insider now directly owns 4,659 shares in the company, valued at $1,597,151.79. This trade represents a 13.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Brian Millham sold 60,522 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $300.00, for a total transaction of $18,156,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 138,498 shares of company stock worth $40,983,349. 3.20% of the stock is currently owned by company insiders.

Institutional Trading of Salesforce

A number of hedge funds and other institutional investors have recently bought and sold shares of CRM. Legacy Wealth Management LLC MS purchased a new position in Salesforce during the 3rd quarter worth approximately $210,000. Garden State Investment Advisory Services LLC increased its holdings in shares of Salesforce by 28.0% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 3,274 shares of the CRM provider’s stock valued at $898,000 after acquiring an additional 717 shares during the period. Copley Financial Group Inc. purchased a new stake in Salesforce in the 3rd quarter valued at $463,000. Oddo BHF Asset Management Sas purchased a new position in Salesforce during the 3rd quarter worth $15,894,000. Finally, Inspire Trust Co. N.A. acquired a new position in Salesforce in the third quarter valued at $821,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.