CRM Maintained by Canaccord Genuity — Price Target Raised to $300
GuruFocus News
09/17/2026 07:32
Salesforce CRM Analyst Rating Update
On October 16, 2023, Canaccord Genuity maintained a Buy rating on Salesforce (CRM) while increasing the price target from $270.00 to $300.00, reflecting an 11.11% increase.
- GF Value™ verdict: 27.0% undervalued (Current Price $250.54 vs GF Value™ $343.34)
- GF Score™: 91/100, indicating strong overall performance
- Insider activity shows a sell value of $1,172,740 over the past three months
What’s Behind the Analyst Rating?
The recent rating update from Canaccord Genuity signifies a positive outlook for Salesforce, a leader in customer relationship management CRM software. Analyst David Hynes highlights the company’s robust position in the technology sector, particularly as it continues to innovate and expand its cloud-based solutions. The raised price target suggests that analysts are optimistic about Salesforce’s growth trajectory and its ability to capitalize on market opportunities.
Salesforce Inc operates in the technology sector, specifically within the software industry, and boasts a market capitalization of approximately $206.19 billion. The company is renowned for its Customer 360 platform, which integrates various cloud services to enhance customer engagement and streamline business operations. Founded in 1999, Salesforce has established itself as a pioneer in the software-as-a-service (SaaS) model, serving organizations of all sizes globally.
Is CRM Overvalued or Undervalued?
According to GuruFocus, Salesforce’s GF Value™ is calculated at $343.34, indicating that the stock is currently 27.0% undervalued, with a current trading price of $250.54. This margin of safety suggests that investors may have an opportunity to acquire shares at a favorable price relative to the company’s intrinsic value. The P/E ratio (TTM) stands at 22.83x, which is significantly lower than its 5-year median P/E of 70.08x, further supporting the notion that CRM is undervalued. For more details, visit the GF Value™ page.
What Does CRM’s GF Score™ Tell Us?
The GF Score™ is a comprehensive measure that evaluates a company’s financial strength, profitability, growth potential, valuation, and momentum. Salesforce’s GF Score™ of 91/100 reflects its strong performance across various metrics, particularly in profitability and growth, where it ranks 9/10 and 10/10, respectively. However, its momentum rank is comparatively lower at 5/10.
| Metric | Rating |
|---|---|
| GF Score™ | 91 |
| Financial Strength | 5/10 |
| Profitability | 9/10 |
| Growth | 10/10 |
| Valuation | 8/10 |
| Momentum | 5/10 |
Salesforce’s strengths lie in its exceptional growth and profitability metrics, indicating a solid operational foundation. However, the moderate financial strength and momentum scores suggest that while the company is performing well, there may be areas for improvement. For further insights, check the CRM stock page.
What Are Gurus and Insiders Doing with CRM?
Currently, 19 gurus hold shares of Salesforce, with 9 adding to their positions and 9 trimming their holdings in recent quarters. This mixed activity indicates a cautious yet interested sentiment among institutional investors. Additionally, insider activity shows a sell value of $1,172,740 over the past three months, which could suggest a need for liquidity or other strategic reasons among insiders.
What This Means for Investors
The recent analyst rating from Canaccord Genuity, combined with Salesforce’s strong GF Value™ and GF Score™, presents a compelling case for potential investors. With the stock trading at a significant discount to its intrinsic value and a solid growth outlook, Salesforce appears to be a noteworthy consideration for those looking to invest in the technology sector. For more detailed analysis, visit the CRM stock page.
Frequently Asked Questions
What is CRM’s GF Score™?
CRM’s GF Score™ is 91/100, indicating strong overall performance across various financial metrics.
CRM is currently undervalued by 27.0%, with a GF Value™ of $343.34 compared to its current price of $250.54.
What do analysts recommend for CRM?
Analysts maintain a Buy rating on CRM, with a recent price target increase to $300.00, reflecting optimism about the company’s future performance.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures
I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
