Analysts' ratings for Salesforce CRM over the last quarter vary from bullish to bearish, as provided by 26 analysts.
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 | 7 | 13 | 6 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 2 | 2 | 0 | 0 |
| 2M Ago | 7 | 10 | 3 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Salesforce, presenting an average target of $282.5, a high estimate of $350.00, and a low estimate of $232.00. This current average reflects an increase of 8.22% from the previous average price target of $261.04.
Investigating Analyst Ratings: An Elaborate Study
The standing of Salesforce among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Rob Oliver | Baird | Raises | Outperform | $300.00 | $240.00 |
| Brent Bracelin | Piper Sandler | Raises | Neutral | $285.00 | $266.00 |
| Keith Weiss | Morgan Stanley | Raises | Overweight | $350.00 | $290.00 |
| Michael Turrin | Wells Fargo | Announces | Equal-Weight | $280.00 | - |
| Alex Zukin | Wolfe Research | Announces | Outperform | $315.00 | - |
| Joseph Bonner | Argus Research | Raises | Buy | $290.00 | $275.00 |
| Kirk Materne | Evercore ISI Group | Raises | Outperform | $290.00 | $275.00 |
| Brian Peterson | Raymond James | Raises | Strong Buy | $300.00 | $280.00 |
| Parker Lane | Stifel | Raises | Buy | $300.00 | $275.00 |
| Terry Tillman | Truist Securities | Maintains | Buy | $275.00 | - |
| Mark Murphy | JP Morgan | Raises | Overweight | $260.00 | $240.00 |
| Patrick Walravens | JMP Securities | Raises | Market Outperform | $293.00 | $275.00 |
| Gregg Moskowitz | Mizuho | Raises | Buy | $280.00 | $255.00 |
| Brian Schwartz | Oppenheimer | Raises | Outperform | $275.00 | $250.00 |
| Keith Bachman | BMO Capital | Raises | Outperform | $277.00 | $252.00 |
| Keith Weiss | Morgan Stanley | Raises | Equal-Weight | $290.00 | $278.00 |
| Rishi Jaluria | RBC Capital | Raises | Outperform | $285.00 | $240.00 |
| Daniel Ives | Wedbush | Raises | Outperform | $280.00 | $255.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $280.00 | $265.00 |
| Brad Sills | B of A Securities | Raises | Buy | $300.00 | $280.00 |
| Scott Berg | Needham | Raises | Buy | $275.00 | $250.00 |
| Brent Bracelin | Piper Sandler | Raises | Neutral | $266.00 | $232.00 |
| Tyler Radke | Citigroup | Raises | Neutral | $247.00 | $229.00 |
| Michael Turits | Keybanc | Lowers | Overweight | $268.00 | $272.00 |
| Keith Bachman | BMO Capital | Lowers | Outperform | $252.00 | $262.00 |
| Brent Bracelin | Piper Sandler | Lowers | Neutral | $232.00 | $268.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Salesforce. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Salesforce compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Salesforce's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
For valuable insights into Salesforce's 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 analyst ratings.
All You Need to Know About Salesforce
Salesforce Inc 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.
Salesforce's Financial Performance
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Positive Revenue Trend: Examining Salesforce's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 11.27% as of 31 October, 2023, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Salesforce's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 14.04%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Salesforce's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.11%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Salesforce's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.33%, the company showcases efficient use of assets and strong financial health.
Debt Management: Salesforce's debt-to-equity ratio is below the industry average. With a ratio of 0.22, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Significance of Analyst Ratings Explained
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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