FY2026 EPS Estimates for Salesforce Boosted by DA Davidson

Salesforce, Inc. (NYSE:CRM) – Research analysts at DA Davidson raised their FY2026 earnings estimates for shares of Salesforce in a note issued to investors on Wednesday, December 4th. DA Davidson analyst G. Luria now expects that the CRM provider will post earnings per share of $8.64 for the year, up from their prior estimate of $8.60. DA Davidson currently has a “Neutral” rating and a $300.00 price target on the stock. The consensus estimate for Salesforce’s current full-year earnings is $7.48 per share.

CRM has been the topic of several other reports. Bank of America upped their price target on shares of Salesforce from $390.00 to $440.00 and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets increased their target price on Salesforce from $385.00 to $425.00 and gave the stock an “outperform” rating in a research note on Wednesday. Northland Securities reaffirmed an “outperform” rating and set a $440.00 target price (up from $400.00) on shares of Salesforce in a research report on Wednesday. Jefferies Financial Group boosted their price target on Salesforce from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company lifted their target price on Salesforce from $275.00 to $330.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 12th. Eight research analysts have rated the stock with a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $372.86.

Salesforce Trading Up 0.2 %

CRM stock opened at $361.99 on Friday. Salesforce has a twelve month low of $212.00 and a twelve month high of $369.00. The stock has a market capitalization of $346.06 billion, a price-to-earnings ratio of 59.54, a price-to-earnings-growth ratio of 3.33 and a beta of 1.30. The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The firm’s fifty day simple moving average is $309.97 and its two-hundred day simple moving average is $272.88.

Salesforce (NYSE:CRM) last announced 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 company had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.35 billion. During the same quarter last year, the firm posted $1.62 EPS. Salesforce’s revenue for the quarter was up 8.3% compared to the same quarter last year.

Institutional Investors Weigh In On Salesforce

Several hedge funds have recently bought and sold shares of CRM. Piscataqua Savings Bank boosted its position in Salesforce by 2,400.0% during the second quarter. Piscataqua Savings Bank now owns 100 shares of the CRM provider’s stock worth $26,000 after purchasing an additional 96 shares in the last quarter. Infrastructure Capital Advisors LLC purchased a new stake in Salesforce during the 3rd quarter valued at about $27,000. Clear Investment Research LLC boosted its stake in Salesforce by 816.7% during the second quarter. Clear Investment Research LLC now owns 110 shares of the CRM provider’s stock worth $28,000 after buying an additional 98 shares during the last quarter. Stephens Consulting LLC grew its holdings in shares of Salesforce by 3,125.0% in the second quarter. Stephens Consulting LLC now owns 129 shares of the CRM provider’s stock valued at $33,000 after purchasing an additional 125 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Salesforce during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Transactions at Salesforce

In related news, CFO Amy E. Weaver sold 897 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $285.29, for a total transaction of $255,905.13. Following the completion of the transaction, the chief financial officer now owns 52,930 shares of the company’s stock, valued at $15,100,399.70. This trade represents a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sundeep G. Reddy sold 413 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $285.29, for a total value of $117,824.77. Following the sale, the chief accounting officer now directly owns 7,006 shares in the company, valued at $1,998,741.74. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,982 shares of company stock worth $41,591,457 over the last three months. 3.20% of the stock is currently owned by insiders.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Wednesday, December 18th. Salesforce’s dividend payout ratio is presently 26.32%.

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.