- Salesforce's strategic push into AI and acquisitions is key to its growth strategy.
- Analysts project significant upside potential for Salesforce stock, with price targets reflecting optimism.
- Despite recent cautious guidance, Salesforce maintains an "Outperform" status from analysts.
Salesforce, Inc. (CRM, Financial) has long been a staple in Jim Cramer's stock picks. While the company faces recent hurdles, its commitment to innovation through AI integration and strategic acquisitions continues to bolster its CRM platform's appeal. Yet, its recent conservative outlook has introduced some hesitancy among investors. Regardless, Salesforce's potential for innovation and substantial revenue growth keeps it in the spotlight.
Wall Street Analysts Forecast
According to predictions from 48 financial experts, the one-year price objective for Salesforce Inc (CRM, Financial) averages $375.09, with projections ranging from a high of $442.00 to a low of $243.00. This average price estimate suggests a notable upside of 55.79% from the current valuation of $240.76. For a deeper dive into these forecasts, visit the Salesforce Inc (CRM) Forecast page.
From 53 brokerage firms, Salesforce Inc (CRM, Financial) garners an average rating of 2.1, aligning with the "Outperform" category. The rating scale, where 1 indicates a Strong Buy and 5 marks a Sell, underscores positive sentiment surrounding Salesforce's market performance.
Further analysis from GuruFocus places the GF Value of Salesforce Inc (CRM, Financial) at $289.73 within the next year. This figure indicates a upside of 20.34% from the current stock price of $240.76. The GF Value represents the stock's fair trading value and is derived from historical trading multiples, past business growth, and projected business performance. Detailed insights are available on the Salesforce Inc (CRM) Summary page.
