Salesforce (NYSE:CRM) Stock Rating Upgraded by Wall Street Zen

Salesforce (NYSE:CRM) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other brokerages have also weighed in on CRM. Mizuho reduced their price objective on shares of Salesforce from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Monday, November 17th. DA Davidson reissued a “neutral” rating and issued a $225.00 target price on shares of Salesforce in a report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft cut their price target on Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. JMP Securities reaffirmed a “market outperform” rating and set a $430.00 price objective on shares of Salesforce in a research report on Friday, October 17th. Finally, Wedbush reiterated an “outperform” rating and issued a $375.00 price objective on shares of Salesforce in a report on Thursday, October 16th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $322.86.

Salesforce Stock Performance

Shares of CRM opened at $230.79 on Friday. The stock has a 50-day simple moving average of $243.45 and a 200-day simple moving average of $254.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $219.71 billion, a PE ratio of 33.55, a PEG ratio of 2.11 and a beta of 1.19. Salesforce has a 1 year low of $221.96 and a 1 year high of $369.00.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, analysts predict that Salesforce will post 7.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Friday, September 26th. The shares were sold at an average price of $242.91, for a total value of $546,547.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,893,439,711.61. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction dated Tuesday, September 9th. The stock was acquired at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the acquisition, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 54,122 shares of company stock worth $13,367,438 over the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Salesforce

Hedge funds have recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. grew its holdings in Salesforce by 4.0% during the 2nd quarter. Avantax Advisory Services Inc. now owns 87,331 shares of the CRM provider’s stock valued at $23,814,000 after buying an additional 3,387 shares during the last quarter. Advyzon Investment Management LLC lifted its position in shares of Salesforce by 57.4% in the second quarter. Advyzon Investment Management LLC now owns 1,884 shares of the CRM provider’s stock valued at $514,000 after acquiring an additional 687 shares in the last quarter. Atalanta Sosnoff Capital LLC lifted its position in shares of Salesforce by 8.5% in the second quarter. Atalanta Sosnoff Capital LLC now owns 206,614 shares of the CRM provider’s stock valued at $56,342,000 after acquiring an additional 16,176 shares in the last quarter. Achmea Investment Management B.V. boosted its stake in shares of Salesforce by 9.2% during the second quarter. Achmea Investment Management B.V. now owns 148,254 shares of the CRM provider’s stock valued at $40,427,000 after acquiring an additional 12,544 shares during the last quarter. Finally, Tableaux LLC purchased a new stake in Salesforce during the 2nd quarter worth about $40,904,000. 80.43% of the stock is owned by institutional investors and hedge funds.

About Salesforce

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.