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What Analysts Are Saying About Salesforce Stock
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What Analysts Are Saying About Salesforce Stock
Dec 18, 2024 6:32 AM

Throughout the last three months, 48 analysts have evaluated Salesforce ( CRM ) , offering a diverse set of opinions from bullish to bearish.

The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 13 25 10 0 0
Last 30D 1 2 0 0 0
1M Ago 8 18 8 0 0
2M Ago 3 2 2 0 0
3M Ago 1 3 0 0 0

The 12-month price targets, analyzed by analysts, offer insights with an average target of $388.08, a high estimate of $450.00, and a low estimate of $300.00. Witnessing a positive shift, the current average has risen by 12.97% from the previous average price target of $343.54.

Understanding Analyst Ratings: A Comprehensive Breakdown

A comprehensive examination of how financial experts perceive Salesforce ( CRM ) is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Daniel Ives Wedbush Maintains Outperform $425.00 $425.00
Scott Berg Needham Maintains Buy $375.00 $375.00
Brent Bracelin Piper Sandler Maintains Overweight $405.00 $405.00
Steve Koenig Macquarie Announces Neutral $370.00 -
Brent Thill Jefferies Raises Buy $425.00 $400.00
Mark Murphy JP Morgan Raises Overweight $380.00 $340.00
Yun Kim Loop Capital Raises Hold $360.00 $340.00
Rishi Jaluria RBC Capital Raises Outperform $420.00 $300.00
Tyler Radke Citigroup Raises Neutral $390.00 $368.00
Gil Luria DA Davidson Maintains Neutral $300.00 $300.00
Patrick Walravens JMP Securities Maintains Market Outperform $450.00 $450.00
Allan Verkhovski Scotiabank Raises Sector Outperform $440.00 $425.00
David Hynes Canaccord Genuity Raises Buy $415.00 $315.00
Kash Rangan Goldman Sachs Raises Buy $400.00 $360.00
Brian Schwartz Oppenheimer Raises Outperform $415.00 $385.00
Keith Bachman BMO Capital Raises Outperform $425.00 $385.00
Terry Tillman Truist Securities Raises Buy $400.00 $380.00
Parker Lane Stifel Raises Buy $425.00 $390.00
Keith Weiss Morgan Stanley Raises Overweight $405.00 $330.00
Brad Sills B of A Securities Raises Buy $440.00 $390.00
Nehal Chokshi Northland Capital Markets Raises Outperform $440.00 $400.00
Rob Oliver Baird Raises Outperform $430.00 $340.00
Scott Berg Needham Raises Buy $375.00 $345.00
Raimo Lenschow Barclays Raises Overweight $425.00 $415.00
Brent Bracelin Piper Sandler Raises Overweight $405.00 $395.00
Patrick Walravens JMP Securities Maintains Market Outperform $450.00 $450.00
Gil Luria DA Davidson Raises Neutral $300.00 $250.00
Brent Bracelin Piper Sandler Raises Overweight $395.00 $325.00
Tyler Radke Citigroup Raises Neutral $368.00 $290.00
Terry Tillman Truist Securities Raises Buy $380.00 $315.00
Daniel Ives Wedbush Raises Outperform $375.00 $325.00
Karl Keirstead UBS Raises Neutral $360.00 $275.00
Patrick Walravens JMP Securities Raises Market Outperform $450.00 $342.00
J. Derrick Wood TD Cowen Raises Hold $340.00 $290.00
Brian Schwartz Oppenheimer Raises Outperform $385.00 $330.00
Mark Murphy JP Morgan Raises Overweight $340.00 $310.00
Allan Verkhovski Scotiabank Announces Sector Outperform $425.00 -
Keith Bachman BMO Capital Raises Outperform $385.00 $305.00
Yun Kim Loop Capital Raises Hold $340.00 $270.00
Brad Sills B of A Securities Raises Buy $390.00 $325.00
Michael Turrin Wells Fargo Raises Equal-Weight $330.00 $275.00
Brent Thill Jefferies Raises Buy $400.00 $350.00
Parker Lane Stifel Raises Buy $350.00 $320.00
Brian Schwartz Oppenheimer Raises Outperform $330.00 $300.00
Nehal Chokshi Northland Capital Markets Raises Outperform $400.00 $270.00
Daniel Ives Wedbush Raises Outperform $325.00 $315.00
Brent Bracelin Piper Sandler Raises Overweight $325.00 $268.00
Scott Berg Needham Maintains Buy $345.00 $345.00

Key Insights:

Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Salesforce ( CRM ). This offers insight into analysts' perspectives on the current state of the company.

Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Salesforce ( CRM ) compared to the broader market.

Price Targets: Gaining insights, analysts provide estimates for the future value of Salesforce's ( CRM ) stock. This comparison reveals trends in analysts' expectations over time.

For valuable insights into Salesforce's ( CRM ) market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on Salesforce ( CRM ) analyst ratings.

About Salesforce

Salesforce ( CRM ) provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.

Financial Milestones: Salesforce's Journey

Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.

Revenue Growth: Salesforce's ( CRM ) revenue growth over a period of 3 months has been noteworthy. As of 31 October, 2024, the company achieved a revenue growth rate of approximately 8.3%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 16.17%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): Salesforce's ( CRM ) ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.63%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): Salesforce's ( CRM ) ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.66%, the company may face hurdles in achieving optimal financial performance.

Debt Management: Salesforce's ( CRM ) debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.2.

The Core of Analyst Ratings: What Every Investor Should Know

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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