What's Going On With Salesforce Stock Today?

Salesforce Inc CRM shares are in the spotlight Thursday following the company’s fourth-quarter results. The stock initially traded lower, but it’s bouncing back Thursday after multiple analysts raised price targets following the print.

• Q4 Revenue: $9.29 billion, beat estimates of $9.22 billion

• Q4 EPS: $2.29, beat estimates of $2.26

Total revenues were up 11% year-over-year, operating margin was 17.5%, cash flow from operations was up 22% year-over-year to $3.4 billion, and free cash flow was up 27% to $3.26 billion. 

Salesforce's board declared its first-ever cash dividend of 40 cents per share, payable on April 11 to shareholders of record as of March 14. The company's board also increased its share repurchase program by $10 billion.

"With our trusted, unified Einstein 1 Platform, we're incredibly well positioned to build on our success and capitalize on the massive surge in tech spending expected over the coming years, delivering an unprecedented level of intelligence to our customers as AI transforms every company and industry," said Marc Benioff, chair and CEO of Salesforce.

Outlook: Salesforce sees first-quarter revenue in a range of $9.12 billion to $9.17 billion versus estimates of $9.15 billion. The company anticipates first-quarter adjusted earnings of $2.37 to $2.39 per share versus estimates of $2.20 per share. 

Salesforce expects full-year 2025 revenue to range from $37.7 billion to $38 billion versus estimates of $38.62 billion. The company sees full-year adjusted earnings between $9.68 and $9.76 per share versus estimates of $9.57 per share. 

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Analyst Changes:

• Piper Sandler analyst Brent Bracelin maintained Salesforce with a Neutral and raised the price target from $285 to $300.

• Baird analyst Rob Oliver maintained Salesforce with an Outperform and raised the price target from $310 to $355.

• Needham analyst Scott Berg maintained Salesforce with a Buy and raised the price target from $275 to $345.

CRM Price Action: Salesforce shares traded about 5% lower immediately after the report, but the stock is bouncing back Thursday morning. Salesforce shares were up 1.08% at $302.99 at the time of writing, according to Benzinga Pro.

Photo: courtesy of Salesforce.