DA Davidson has revised its price target for Salesforce (CRM, Financial) from $275 to $250, maintaining a Neutral stance on the stock. This adjustment comes as part of the firm's broader review of the Software sector.
The firm anticipates that the U.S. might experience one or two quarters of negative GDP growth this year. According to the analyst, this economic downturn is expected to result in slower growth and has already impacted company valuations negatively.
Additionally, the firm foresees a decrease in both consumer spending and corporate investments, regardless of the trajectory of current tariff policies. This economic slowdown is likely to persist over the next few quarters, further influencing the firm's cautious outlook on Salesforce.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 48 analysts, the average target price for Salesforce Inc (CRM, Financial) is $371.12 with a high estimate of $442.00 and a low estimate of $243.00. The average target implies an upside of 44.96% from the current price of $256.03. More detailed estimate data can be found on the Salesforce Inc (CRM) Forecast page.
Based on the consensus recommendation from 53 brokerage firms, Salesforce Inc's (CRM, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Salesforce Inc (CRM, Financial) in one year is $289.68, suggesting a upside of 13.15% from the current price of $256.025. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Salesforce Inc (CRM) Summary page.
