CRM Maintained by Cantor Fitzgerald — Price Target Raised to $300
GuruFocus News
09/02/2026 06:32
Salesforce CRM Analyst Rating Update – October 2023
On October 3, 2023, Salesforce (CRM) received an updated rating action from Cantor Fitzgerald, maintaining its rating of Overweight while raising the price target to $300.00, up from a prior target of $250.00. This represents a significant increase of 20%.
- GF Value™ verdict: 23.9% undervalued (Current Price: $258.11 vs GF Value™: $339.05)
- GF Score™: 90/100, indicating strong overall performance
- Key financial signal: 19 gurus hold CRM, with 9 adding and 9 trimming their positions in recent quarters
What’s Behind the Analyst Rating?
The recent rating change by Cantor Fitzgerald reflects a growing confidence in Salesforce’s ability to deliver robust growth and profitability in the competitive technology sector. The increase in the price target suggests that analysts expect the company to continue its positive trajectory, driven by its innovative cloud computing solutions and strong market demand.
Salesforce Inc, a leader in the technology sector, specializes in providing enterprise cloud computing solutions, particularly in customer relationship management CRM technology. With a market capitalization of approximately $212.42 billion, the company offers a range of services including its Customer 360 platform, which integrates customer data across various systems to enhance sales, service, and marketing efforts.
Is CRM Overvalued or Undervalued?
According to GuruFocus, Salesforce’s GF Value™ is calculated at $339.05, indicating that the stock is currently undervalued by approximately 23.9% compared to its current price of $258.11. This margin of safety suggests that investors may have an opportunity to acquire shares at a price lower than their intrinsic value, which can be appealing for long-term investment strategies.
Additionally, Salesforce’s trailing P/E ratio stands at 23.53x, significantly lower than its 5-year median P/E of 70.08x. This disparity indicates that the stock may be undervalued relative to its historical performance, further supporting the notion of a favorable investment opportunity. For more details, visit the GF Value™ page.
What Does CRM’s GF Score™ Tell Us?
The GF Score™ evaluates a company’s financial strength, profitability, growth potential, valuation, and momentum. Salesforce’s GF Score™ of 90/100 highlights 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 relatively lower at 4/10, suggesting that while the company is fundamentally strong, it may face challenges in maintaining its recent price momentum.
| Metric | Rating |
|---|---|
| GF Score™ | 90 |
| Financial Strength | 5/10 |
| Profitability | 9/10 |
| Growth | 10/10 |
| Valuation | 8/10 |
| Momentum | 4/10 |
Salesforce’s strengths lie in its exceptional growth and profitability metrics, indicating a solid operational foundation. However, the lower momentum score may suggest potential volatility or challenges in sustaining recent gains. For a deeper analysis, visit the CRM stock page.
What Are Gurus and Insiders Doing with CRM?
Currently, 19 gurus hold positions in Salesforce, with 9 adding to their stakes and 9 trimming their holdings in recent quarters. This mixed activity from prominent investors highlights a cautious but optimistic sentiment towards the stock. Additionally, there has been no significant insider buying or selling activity reported in the last three months, suggesting that insiders may be confident in the company’s future prospects.
What This Means for Investors
In conclusion, Salesforce CRM presents a compelling investment opportunity, with a GF Value™ indicating it is modestly undervalued and a strong GF Score™ reflecting its solid fundamentals. The mixed guru activity suggests that while there is confidence in the company’s growth potential, some investors are taking a more cautious approach. For more insights and detailed analysis, check out the CRM stock page.
Frequently Asked Questions
What is CRM’s GF Score™?
CRM’s GF Score™ is 90/100, indicating strong overall performance across key financial metrics.
CRM is currently undervalued by approximately 23.9% based on its GF Value™, which is calculated at $339.05 compared to the current price of $258.11.
What do analysts recommend for CRM?
Analysts maintain an Overweight rating for CRM, with several firms raising their price targets, indicating positive sentiment towards the stock’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.
