Salesforce CRM underwent analysis by 28 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 16 | 5 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 2 | 0 | 0 | 0 |
| 2M Ago | 0 | 3 | 2 | 0 | 0 |
| 3M Ago | 7 | 10 | 3 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $287.18, with a high estimate of $350.00 and a low estimate of $247.00. Witnessing a positive shift, the current average has risen by 8.78% from the previous average price target of $264.00.
Decoding Analyst Ratings: A Detailed Look
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 |
|---|---|---|---|---|---|
| Brian Schwartz | Oppenheimer | Raises | Outperform | $325.00 | $300.00 |
| Rob Oliver | Baird | Raises | Outperform | $310.00 | $300.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $293.00 | - |
| 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 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Salesforce. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Salesforce compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Salesforce's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Salesforce's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Salesforce analyst ratings.
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: A Financial Overview
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Salesforce displayed positive results in 3 months. As of 31 October, 2023, the company achieved a solid revenue growth rate of approximately 11.27%. This indicates a notable increase in the company's 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 net margin excels beyond industry benchmarks, reaching 14.04%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Salesforce's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.11%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Salesforce's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.33%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Salesforce's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.22.
How Are Analyst Ratings Determined?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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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