Analysts' ratings for Salesforce CRM over the last quarter vary from bullish to bearish, as provided by 14 analysts.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 6 | 7 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 1 | 4 | 0 | 0 |
| 2M Ago | 0 | 3 | 1 | 0 | 0 |
| 3M Ago | 0 | 2 | 1 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $307.0, a high estimate of $350.00, and a low estimate of $280.00. Witnessing a positive shift, the current average has risen by 9.21% from the previous average price target of $281.10.
Exploring Analyst Ratings: An In-Depth Overview
A clear picture of Salesforce's perception among financial experts is painted 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 |
|---|---|---|---|---|---|
| Brent Bracelin | Piper Sandler | Raises | Neutral | $300.00 | $285.00 |
| Brent Bracelin | Piper Sandler | Maintains | Neutral | $285.00 | - |
| Tyler Radke | Citigroup | Raises | Neutral | $325.00 | $265.00 |
| Michael Turrin | Wells Fargo | Raises | Equal-Weight | $290.00 | $280.00 |
| Parker Lane | Stifel | Raises | Buy | $330.00 | $300.00 |
| Karl Keirstead | UBS | Raises | Neutral | $310.00 | $285.00 |
| 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 | - |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Salesforce. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Salesforce compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Salesforce's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
To gain a panoramic view of Salesforce's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Salesforce analyst ratings.
Discovering Salesforce: A Closer Look
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: Financial Performance Dissected
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Over the 3 months period, Salesforce showcased positive performance, achieving a revenue growth rate of 11.27% as of 31 October, 2023. This reflects 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: Salesforce's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 14.04%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Salesforce's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.11%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Salesforce's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.33%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.22.
What Are Analyst Ratings?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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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