Weekly Analysts’ Ratings Changes for Salesforce (CRM)

Several analysts have recently updated their ratings and price targets for Salesforce (NYSE: CRM):

• 3/3/2023 – Salesforce had its price target raised by analysts at Citigroup Inc. from $182.00 to $210.00. They now have a “neutral” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at Raymond James from $200.00 to $240.00. They now have a “strong-buy” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at Wells Fargo & Company from $200.00 to $225.00. They now have an “overweight” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at Piper Sandler from $171.00 to $230.00. They now have an “overweight” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at Morgan Stanley from $236.00 to $240.00. They now have an “overweight” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at JPMorgan Chase & Co. from $200.00 to $230.00. They now have an “overweight” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at Barclays PLC from $195.00 to $225.00. They now have an “overweight” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at Evercore ISI from $200.00 to $230.00. They now have an “outperform” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at TD Cowen from $170.00 to $190.00. They now have an “outperform” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at Wedbush from $200.00 to $220.00. They now have an “outperform” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at BMO Capital Markets from $185.00 to $230.00. They now have an “outperform” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at Royal Bank of Canada from $165.00 to $225.00. They now have an “outperform” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at Oppenheimer Holdings Inc. from $185.00 to $225.00. They now have an “outperform” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at Macquarie from $218.00 to $225.00. They now have an “outperform” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at DA Davidson from $150.00 to $180.00. They now have a “neutral” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at Robert W. Baird from $150.00 to $200.00. They now have a “neutral” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at UBS Group AG from $162.00 to $210.00. They now have a “neutral” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at Northland Securities from $150.00 to $181.00. They now have a “market perform” rating on the stock.
• 3/2/2023 – Salesforce had its “market perform” rating reaffirmed by analysts at JMP Securities. They now have a $250.00 price target on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at Loop Capital from $150.00 to $190.00. They now have a “hold” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $190.00 to $240.00. They now have a “buy” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at Canaccord Genuity Group Inc. from $180.00 to $215.00. They now have a “buy” rating on the stock.
• 3/2/2023 – Salesforce was upgraded by analysts at Needham & Company LLC from a “hold” rating to a “buy” rating. They now have a $230.00 price target on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at Bank of America Co. from $200.00 to $235.00. They now have a “buy” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at Mizuho from $200.00 to $225.00. They now have a “buy” rating on the stock.
• 3/2/2023 – Salesforce had its price target raised by analysts at Truist Financial Co. from $210.00 to $250.00.
• 3/2/2023 – Salesforce had its price target raised by analysts at Atlantic Securities from $140.00 to $200.00.
• 2/24/2023 – Salesforce had its price target raised by analysts at BMO Capital Markets from $172.00 to $185.00. They now have an “outperform” rating on the stock.
• 2/21/2023 – Salesforce had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $200.00 price target on the stock.
• 2/21/2023 – Salesforce had its price target raised by analysts at Cowen Inc from $160.00 to $170.00. They now have an “outperform” rating on the stock.
• 2/17/2023 – Salesforce had its price target raised by analysts at Citigroup Inc. from $164.00 to $182.00. They now have a “neutral” rating on the stock.
• 2/15/2023 – Salesforce had its price target raised by analysts at Barclays PLC from $180.00 to $195.00. They now have an “overweight” rating on the stock.
• 2/15/2023 – Salesforce had its price target raised by analysts at Evercore ISI from $175.00 to $200.00. They now have an “outperform” rating on the stock.
• 2/14/2023 – Salesforce had its price target raised by analysts at Wells Fargo & Company from $175.00 to $200.00. They now have an “overweight” rating on the stock.
• 2/13/2023 – Salesforce had its price target raised by analysts at Bank of America Co. from $180.00 to $200.00. They now have a “buy” rating on the stock.
• 2/9/2023 – Salesforce had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $200.00 price target on the stock.
• 1/30/2023 – Salesforce had its price target raised by analysts at Morgan Stanley from $228.00 to $236.00. They now have an “overweight” rating on the stock.
• 1/23/2023 – Salesforce had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $200.00 to $190.00. They now have a “buy” rating on the stock.
• 1/20/2023 – Salesforce was downgraded by analysts at Cowen Inc. from an “outperform” rating to a “market perform” rating.
• 1/20/2023 – Salesforce was downgraded by analysts at Cowen Inc from an “outperform” rating to a “market perform” rating.
• 1/17/2023 – Salesforce is now covered by analysts at DA Davidson. They set a “neutral” rating and a $150.00 price target on the stock.
• 1/13/2023 – Salesforce was downgraded by analysts at Atlantic Securities from an “overweight” rating to a “neutral” rating. They now have a $140.00 price target on the stock, down previously from $200.00.

Salesforce Trading Down 3.1 %

CRM opened at $173.18 on Monday. Salesforce, Inc. has a 12 month low of $126.34 and a 12 month high of $222.15. The stock has a market capitalization of $173.18 billion, a price-to-earnings ratio of 824.71, a PEG ratio of 2.12 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.02 and a quick ratio of 1.05. The business has a fifty day moving average price of $161.84 and a 200 day moving average price of $153.10.

Salesforce (NYSE:CRM – Get Rating) last released its earnings results on Wednesday, March 1st. The CRM provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.36 by $0.32. The firm had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $7.99 billion. Salesforce had a return on equity of 4.48% and a net margin of 0.66%. Salesforce’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 EPS. Sell-side analysts expect that Salesforce, Inc. will post 4.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Salesforce news, CFO Amy E. Weaver sold 924 shares of Salesforce stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of $128.55, for a total transaction of $118,780.20. Following the completion of the sale, the chief financial officer now directly owns 32,807 shares of the company’s stock, valued at approximately $4,217,339.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Marc Benioff sold 725 shares of the business’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $183.19, for a total value of $132,812.75. Following the completion of the sale, the chief executive officer now directly owns 27,753,609 shares of the company’s stock, valued at approximately $5,084,183,632.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Amy E. Weaver sold 924 shares of the business’s stock in a transaction dated Friday, December 23rd. The shares were sold at an average price of $128.55, for a total value of $118,780.20. Following the completion of the sale, the chief financial officer now directly owns 32,807 shares of the company’s stock, valued at $4,217,339.85. The disclosure for this sale can be found here. Insiders sold 36,568 shares of company stock valued at $6,158,627 in the last ninety days. Insiders own 3.60% of the company’s stock.

Institutional Trading of Salesforce

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Shields & Co. LLC increased its stake in Salesforce by 4.4% in the second quarter. Wellington Shields & Co. LLC now owns 1,301 shares of the CRM provider’s stock valued at $215,000 after acquiring an additional 55 shares during the period. Avory & Company LLC increased its stake in Salesforce by 1.8% in the fourth quarter. Avory & Company LLC now owns 3,441 shares of the CRM provider’s stock valued at $456,000 after acquiring an additional 60 shares during the period. GHP Investment Advisors Inc. increased its stake in Salesforce by 30.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 270 shares of the CRM provider’s stock valued at $36,000 after acquiring an additional 63 shares during the period. Roman Butler Fullerton & Co. increased its stake in Salesforce by 4.3% in the fourth quarter. Roman Butler Fullerton & Co. now owns 1,547 shares of the CRM provider’s stock valued at $230,000 after acquiring an additional 64 shares during the period. Finally, Ameritas Advisory Services LLC boosted its position in Salesforce by 1.0% in the fourth quarter. Ameritas Advisory Services LLC now owns 6,604 shares of the CRM provider’s stock valued at $876,000 after buying an additional 64 shares in the last quarter. 75.83% of the stock is owned by hedge funds and other institutional investors.

Salesforce, Inc engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform.