Salesforce (NYSE:CRM) Price Target and Acquisition Moves

• Keith Bachman from BMO Capital sets a price target of $350 for Salesforce (NYSE:CRM), indicating a potential increase of 26.34%.
• Salesforce announces the acquisition of Informatica for $8 billion, aiming to enhance its AI capabilities.
• Analysts predict a 30% potential increase in Salesforce's stock, with a consensus price target of $361.

Salesforce (NYSE:CRM) is a leading cloud-based software company known for its customer relationship management (CRM) solutions. The company is a major player in the tech industry, competing with other giants like Microsoft and Oracle. On May 28, 2025, Keith Bachman from BMO Capital set a price target of $350 for CRM, suggesting a potential increase of 26.34% from its current price of $277.03.

Salesforce is set to announce its earnings after the market closes, alongside Nvidia. The stock market has seen a broad rally, with the S&P 500 rising by 2%, the Nasdaq Composite and Russell 2000 each increasing by 2.5%, and the Dow Jones Industrial Average gaining 1.8%. This positive movement comes after a period of trade and tariff tensions, as highlighted by President Trump's announcement of a 50% tariff on imported goods from the European Union, which has been postponed until July 9th.

Salesforce's recent announcement to acquire Informatica for approximately $8 billion is part of its strategy to enhance its capabilities in the AI sector. The acquisition price of $25 per share represents a 30% premium over Informatica's closing price on May 22, 2025. Following the announcement, Informatica's shares increased by 6.1%, while Salesforce's shares rose by 1.5%. This acquisition is expected to benefit ETFs with significant exposure to both companies, such as the iShares Expanded Tech-Software Sector ETF (IGV).

Analysts are optimistic about Salesforce's upcoming fiscal first-quarter results. According to Visible Alpha, 18 out of 23 analysts have given Salesforce a "buy" or equivalent rating. The consensus price target is approximately $361, indicating a potential 30% increase from Tuesday's closing price. Despite this optimism, Salesforce shares have declined by about 17% in 2025 so far.

Salesforce is anticipated to report first-quarter revenue of $9.75 billion, marking a 7% increase compared to the previous year. Adjusted earnings per share are expected to rise to $2.55, up from $2.44 a year ago. Oppenheimer analysts have noted that Salesforce's AI offering, Agentforce, is experiencing "strong momentum." The current stock price of CRM is approximately $275.81, with a market capitalization of around $264.63 billion.