Cantor Fitzgerald Rates Salesforce (CRM) Overweight
Key Points
- Cantor Fitzgerald reiterated its Overweight rating and $300 price target on Salesforce, Inc. on October 21, 2026.
- Cantor Fitzgerald's $300 price target implies 23.74% upside from Salesforce, Inc.'s ($CRM) current $242.45 share price.
- Salesforce recently traded around $242.45, sitting about 15.1% below the consensus mean target of $285.68.
- The software company reported $43.9 billion in trailing revenue alongside a next earnings date of December 2, 2026.
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Cantor Fitzgerald reaffirmed its Overweight rating on Salesforce, Inc. (NYSE: CRM) alongside a $300 price target on October 21, 2026. The research note kept the firm's outlook on the customer relationship management software provider steady without altering its prior target.
CRM
Salesforce, Inc.
Cantor Fitzgerald vs. the S&P 500
Hypothetical returns from Cantor Fitzgerald's disclosed trades, not real profit or advice. How we model this.
Analysts Set New Price Targets
Wall Street firms have kept a close eye on Salesforce with several recent updates. On September 18, 2026, Citizens reiterated its Market Outperform rating with a $315 price target, while Stephens & Co. maintained an Equal-Weight rating with a $289 target. Wells Fargo also kept an Equal-Weight rating on September 18, lifting its target to $250 from $230. Later, on October 12, 2026, B of A Securities upgraded the stock to Buy and raised its target to $285 from $160. Cantor Fitzgerald followed on October 21, 2026, by maintaining its Overweight rating and $300 target. Across the broader analyst community, the stock holds a buy consensus opinion from 54 analysts, with a mean price target of $285.68.
Other Institutional Activity in Salesforce, Inc.
Other major investment firms adjusted their Salesforce holdings recently. Harris Associates L.P. lifted its stake by 1,233,684 shares, ending with 16,151,269 shares valued at about $3.92 billion. Arrowstreet Capital, Limited Partnership grew its position by 619,052 shares to hold 13,278,612 shares worth roughly $3.22 billion. Meanwhile, Y-Intercept cut its holdings by 180,639 shares, leaving it with 45,871 shares valued at about $10.53 million.
Salesforce, Inc. Stock Up 0.7%
Salesforce recently traded around $242.45 as of October 21, 2026, compared to an event close of $242.43 on October 20, 2026. The stock trades above both its 50-day moving average of $231.12 and its 200-day moving average of $198.94.
$CRM price target
Salesforce, Inc. daily closes and this analyst's $300 target. Not advice.
Recent Earnings
Salesforce generated $43.94 billion in trailing twelve-month revenue with earnings of $10.93 per share. The company posted a net profit margin of 22.0% and a return on equity of 19.4%. The next quarterly earnings report is scheduled for December 2, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
12 target cuts vs 0 raises.
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EPS & revenue
EPS beat estimates by 23.2%. Revenue met estimates.
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Profit surprise
EBITDA missed by 35 percent. Operating income missed by 35 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
12 target cuts.
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Earnings quality
Operating margin up 2.0 points. Positive free cash flow.
Earnings Call Summary
Salesforce delivered strong second quarter fiscal 2026 results with $10.25 billion in revenue, up 10 percent year over year. The company highlighted exceptional momentum in Agent Force and Data Cloud, with Data Cloud and AI products generating $1.2 billion in ARR up 120 percent. Net new bookings from deals over $1 million grew 26 percent, and the company closed major deals with Dell, Marriott, and the US Army. Management emphasized that the agentic enterprise transformation is driving customer success, with 40 percent of Agent Force and Data Cloud bookings coming from existing customers expanding their investments.
Guidance Salesforce raised the low end of full-year revenue guidance to approximately $41.1 billion to $41.3 billion, representing about 8.5 to 9 percent growth. The company also raised non-GAAP operating margin guidance by 10 basis points to 34.1 percent and raised operating cash flow growth guidance to 12 to 13 percent. For next quarter, revenue is expected to be $10.24 billion to $10.29 billion, up 8 to 9 percent year over year.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Dividend
Salesforce pays an annual dividend of $1.76 per share, yielding 0.73% with a payout ratio of 15.7%.
Insider Buying and Selling at Salesforce, Inc.
Company insiders executed trades ahead of the analyst update. On September 4, 2026, Director Craig Conway sold 4,500 shares for a total value of $1,172,746. Later, on September 18, 2026, Director David Blair Kirk bought 4,176 shares at an average price of $239.33, worth about $999,451.
About Salesforce, Inc.
Headquartered in San Francisco, California, Salesforce provides cloud-based customer relationship management applications that help businesses connect with their customers across global markets.
Bottom Line
Investors will look toward the upcoming earnings release on December 2, 2026, for further insight into the company's financial performance. Cantor Fitzgerald's reaffirmed target points to continued confidence from the firm as shares trade below current analyst expectations.
Related Filing Alerts
Source: Cantor Fitzgerald's rating change on $CRM (Oct 21, 2026). Written by software, not financial advice. How we make alerts