Wedbush Analysts Reduce Earnings Estimates for Salesforce

Salesforce, Inc. (NYSE:CRM) – Equities researchers at Wedbush decreased their Q3 2026 earnings estimates for Salesforce in a research report issued to clients and investors on Thursday, February 27th. Wedbush analyst D. Ives now expects that the CRM provider will post earnings per share of $2.07 for the quarter, down from their previous estimate of $2.10. Wedbush currently has a “Outperform” rating and a $425.00 target price on the stock. The consensus estimate for Salesforce’s current full-year earnings is $7.46 per share. Wedbush also issued estimates for Salesforce’s Q1 2027 earnings at $2.25 EPS, Q2 2027 earnings at $2.40 EPS, Q3 2027 earnings at $2.46 EPS, Q4 2027 earnings at $2.79 EPS and FY2027 earnings at $9.87 EPS.

Other analysts have also issued research reports about the stock. Barclays boosted their target price on shares of Salesforce from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Morgan Stanley boosted their price objective on shares of Salesforce from $330.00 to $405.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Bank of America cut their target price on shares of Salesforce from $440.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. DA Davidson decreased their target price on Salesforce from $300.00 to $275.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. Finally, Stifel Nicolaus dropped their price target on Salesforce from $425.00 to $375.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating, thirty-two have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $365.32.

Salesforce Stock Performance

CRM stock opened at $292.60 on Monday. The stock’s 50 day simple moving average is $328.10 and its 200 day simple moving average is $308.16. Salesforce has a 12-month low of $212.00 and a 12-month high of $369.00. The firm has a market cap of $280.02 billion, a P/E ratio of 48.13, a P/E/G ratio of 2.58 and a beta of 1.31. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last released its earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.03). Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The firm had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.35 billion. During the same period in the prior year, the business earned $1.62 EPS. The company’s quarterly revenue was up 8.3% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bernard Wealth Management Corp. purchased a new stake in shares of Salesforce in the 4th quarter valued at approximately $25,000. Infrastructure Capital Advisors LLC purchased a new stake in shares of Salesforce in the third quarter worth approximately $27,000. Accredited Wealth Management LLC purchased a new position in Salesforce during the fourth quarter valued at approximately $27,000. Arlington Trust Co LLC grew its position in Salesforce by 85.1% during the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock valued at $29,000 after purchasing an additional 40 shares in the last quarter. Finally, Compass Financial Services Inc acquired a new position in Salesforce in the 4th quarter valued at approximately $30,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Amy E. Weaver sold 6,221 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $343.00, for a total transaction of $2,133,803.00. Following the completion of the sale, the chief financial officer now directly owns 53,861 shares of the company’s stock, valued at $18,474,323. This trade represents a 10.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robin L. Washington bought 1,695 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of $294.61 per share, for a total transaction of $499,363.95. Following the completion of the acquisition, the director now directly owns 43,445 shares in the company, valued at approximately $12,799,331.45. The trade was a 4.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 1,102,572 shares of company stock worth $381,283,706. 3.20% of the stock is owned by corporate insiders.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.55%. The ex-dividend date was Wednesday, December 18th. Salesforce’s dividend payout ratio (DPR) is presently 25.16%.

Salesforce Company Profile

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.