Recent Investment Analysts’ Ratings Updates for Salesforce (CRM)

Several brokerages have updated their recommendations and price targets on shares of Salesforce (NYSE: CRM) in the last few weeks:

• 12/18/2024 – Salesforce had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $405.00 price target on the stock.
• 12/18/2024 – Salesforce had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $425.00 price target on the stock.
• 12/18/2024 – Salesforce had its “neutral” rating reaffirmed by analysts at Macquarie. They now have a $370.00 price target on the stock.
• 12/18/2024 – Salesforce had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $450.00 price target on the stock.
• 12/18/2024 – Salesforce had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $375.00 price target on the stock.
• 12/13/2024 – Salesforce was upgraded by analysts at KeyCorp from a “sector weight” rating to an “overweight” rating. They now have a $440.00 price target on the stock.
• 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.

Salesforce Trading Down 1.1 %

Salesforce stock traded down $3.67 during mid-day trading on Thursday, hitting $330.66. The company’s stock had a trading volume of 4,800,857 shares, compared to its average volume of 6,379,467. The stock’s fifty day moving average is $331.09 and its two-hundred day moving average is $285.02. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $316.44 billion, a PE ratio of 54.38, a price-to-earnings-growth ratio of 3.21 and a beta of 1.30. Salesforce, Inc. has a 1 year low of $212.00 and a 1 year high of $369.00.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.03). Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.35 billion. During the same quarter in the prior year, the business earned $1.62 earnings per share. Salesforce’s revenue was up 8.3% on a year-over-year basis. On average, analysts anticipate that Salesforce, Inc. will post 7.48 EPS for the current year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 18th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $1.60 dividend on an annualized basis and a yield of 0.48%. Salesforce’s dividend payout ratio is currently 26.32%.

Insider Buying and Selling

In other news, CAO Sundeep G. Reddy sold 413 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $285.29, for a total value of $117,824.77. Following the completion of the transaction, the chief accounting officer now owns 7,006 shares in the company, valued at approximately $1,998,741.74. This represents a 5.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider R David Schmaier sold 1,785 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $344.00, for a total transaction of $614,040.00. Following the completion of the sale, the insider now directly owns 19,116 shares of the company’s stock, valued at approximately $6,575,904. This trade represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,186,017 shares of company stock worth $405,971,793. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of Salesforce

Hedge funds have recently modified their holdings of the business. Legacy Capital Wealth Partners LLC purchased a new stake in shares of Salesforce during the second quarter worth about $327,000. Magnus Financial Group LLC raised its holdings in Salesforce by 16.9% in the 2nd quarter. Magnus Financial Group LLC now owns 2,567 shares of the CRM provider’s stock valued at $660,000 after acquiring an additional 372 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Salesforce by 0.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 83,429 shares of the CRM provider’s stock worth $21,450,000 after purchasing an additional 712 shares during the period. Founders Financial Securities LLC boosted its holdings in shares of Salesforce by 7.6% during the second quarter. Founders Financial Securities LLC now owns 3,504 shares of the CRM provider’s stock worth $901,000 after purchasing an additional 247 shares during the last quarter. Finally, Archer Investment Corp grew its position in shares of Salesforce by 15.2% in the second quarter. Archer Investment Corp now owns 759 shares of the CRM provider’s stock valued at $195,000 after purchasing an additional 100 shares during the period. 80.43% of the stock is 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.