Needham Reaffirms Buy Rating for Salesforce with $400 Target
Needham reiterates its buy rating on Salesforce, setting a price target of $400.
Key Points
- On June 16, 2026, Needham reiterated its buy rating on Salesforce, Inc. (CRM) with a price target of $400.
- Salesforce shares traded at $165.64, with a market cap of approximately $134.8 billion and a P/E ratio of 19.1.
- Insiders and analysts show varied activity, with insider buying noted and a consensus buy rating from analysts.
On June 16, 2026, Needham reaffirmed its buy rating on Salesforce, Inc. (NYSE: CRM), setting a price target of $400. Analyst Scott Berg remains optimistic about Salesforce's prospects, as the stock traded at $165.64.
Other Institutional Activity in Salesforce
BlackRock, Inc. trimmed its holdings in Salesforce by 994,580 shares, ending with 79,691,184 shares valued at about $14.88 billion. Morgan Stanley, on the other hand, significantly increased its stake by 12,666,457 shares, bringing its total to 31,675,603 shares worth approximately $5.91 billion. Meanwhile, Vanguard Capital Management LLC added a substantial 59,333,776 shares, reaching a total of 59,333,776 shares valued at $11.08 billion.
Salesforce Stock Snapshot
Shares of Salesforce (NYSE: CRM) traded at $165.64, with a market cap of roughly $134.8 billion. The stock has a P/E ratio of 19.1 and a forward P/E of 10.6, indicating a lower expected earnings multiple. Salesforce's beta is 1.151, suggesting a slightly higher volatility compared to the market. The stock's 52-week range spans from $161.4 to $276.8, with a 50-day moving average of $179.62 and a 200-day moving average of $217.85.
Recent Earnings
Salesforce reported revenue of $42.83 billion, reflecting a growth rate of 13.3%. The company achieved an EPS of $8.62, with a net margin of 18.7% and a return on equity of 16.9%. The next earnings release is scheduled for September 2, 2026.
Dividend
Salesforce pays an annual dividend rate of $1.76, yielding 1.07%. The dividend payout ratio is relatively low at 19.6%, indicating a sustainable dividend policy.
Insider Buying and Selling at Salesforce, Inc.
On May 22, 2026, several insiders engaged in trading activities. Notably, Oscar Munoz and Donald Arnold each bought 442 shares, while insiders like David Blair Kirk and Laura Alber sold the same number of shares. These trades were not part of any pre-arranged plans.
Analysts Set New Price Targets
Needham reiterated its buy rating for Salesforce, setting a price target of $400 on June 16, 2026. Other analysts have also weighed in recently, with Citigroup maintaining a hold rating and a target of $187, while Canaccord Genuity has a buy rating and a target of $225. Overall, the consensus among 52 analysts is a buy, with an average target price of $255.28.
About Salesforce
Salesforce, Inc. is a leader in customer relationship management technology, providing services that connect companies with their customers across the globe. Headquartered in San Francisco, California, and led by CEO Marc R. Benioff, the company employs over 83,000 people. Salesforce's offerings include AI-powered platforms for sales, service, marketing, and commerce, serving various sectors such as financial services, healthcare, and government.
Bottom Line
Needham's reiterated buy rating and substantial price target reflect confidence in Salesforce's growth potential. While the 13F filings provide a historical snapshot of institutional sentiment, investors should consider them as part of a broader analysis. Salesforce's strong market position and diverse offerings continue to make it a significant player in the technology sector.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.