Summary Highlights:
- Salesforce faces a downgrade despite the innovative launch of its AI platform, Agentforce.
- Wall Street analysts forecast an average potential upside of 47.59% for the stock.
- GuruFocus estimates a fair value increase of 15.59% within the next year.
Salesforce Inc (CRM, Financial), a leader in providing cloud-based CRM solutions, has recently unveiled its cutting-edge AI platform, Agentforce. Despite this significant innovation, the company's stock has been downgraded by D.A. Davidson to "Underperform" from "Neutral," with a revised price target of $200. This downgrade stems from concerns about the slowing growth of its legacy products and challenges related to recent acquisitions.
Wall Street Analysts' Outlook
According to the projections from 47 analysts over a one-year period, Salesforce Inc (CRM, Financial) is expected to reach an average target price of $369.68. The estimates range from a high of $442.00 to a low of $200.00, forecasting a noteworthy potential upside of 47.59% from its current trading price of $250.48. For more in-depth forecast data, consider visiting the Salesforce Inc (CRM) Forecast page.
Brokerage Firm Recommendations
Looking at the consensus from 53 brokerage firms, Salesforce Inc's (CRM, Financial) stock currently holds an average brokerage recommendation rating of 2.0, indicating an "Outperform" status. On this scale, 1 represents a Strong Buy recommendation while 5 indicates a Sell.
GuruFocus Valuation
GuruFocus provides an estimated GF Value for Salesforce Inc (CRM, Financial) of $289.54 in the coming year, suggesting a potential upside of 15.59% from the present price of $250.48. This GF Value is an assessment of the stock's fair trading value, derived from its historical trading multiples, past business growth, and projections of future performance. For further detailed insights, you can visit the Salesforce Inc (CRM) Summary page.
