Macquarie Reiterates “Neutral” Rating for Salesforce (NYSE:CRM)

Salesforce (NYSE:CRM)‘s stock had its “neutral” rating reissued by investment analysts at Macquarie in a report released on Thursday,Benzinga reports. They presently have a $250.00 price objective on the CRM provider’s stock. Macquarie’s target price would suggest a potential upside of 2.77% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Northland Securities lowered shares of Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 target price for the company. in a research report on Tuesday. Canaccord Genuity Group cut their target price on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. Morgan Stanley increased their target price on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Sanford C. Bernstein cut their target price on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research report on Thursday, September 4th. Finally, Stifel Nicolaus cut their target price on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $325.23.

Salesforce Price Performance

CRM opened at $243.27 on Thursday. The firm has a market cap of $231.59 billion, a P/E ratio of 35.36, a PEG ratio of 2.13 and a beta of 1.19. The firm has a 50-day moving average of $244.38 and a 200 day moving average of $257.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce has a fifty-two week low of $226.48 and a fifty-two week high of $369.00.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion during 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 firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business 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, research analysts expect that Salesforce will post 7.46 EPS for the current year.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $238.37, for a total value of $536,332.50. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,839,361,179.27. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 78,750 shares of company stock valued at $19,521,495 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Salesforce

Institutional investors and hedge funds have recently bought and sold shares of the stock. Painted Porch Advisors LLC raised its stake in Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Evolution Wealth Management Inc. purchased a new stake in Salesforce in the second quarter valued at approximately $27,000. Capital A Wealth Management LLC raised its stake in Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake in Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 85 shares in the last quarter. Finally, Abound Financial LLC purchased a new stake in Salesforce in the first quarter valued at approximately $31,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

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.