Ratings for Salesforce CRM were provided by 25 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
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 | 8 | 10 | 7 | 0 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 8 | 6 | 5 | 0 | 0 |
| 2M Ago | 0 | 3 | 1 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $326.12, a high estimate of $360.00, and a low estimate of $285.00. This upward trend is apparent, with the current average reflecting a 10.89% increase from the previous average price target of $294.09.
Diving into Analyst Ratings: An In-Depth Exploration
The perception of Salesforce by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Tyler Radke | Citigroup | Raises | Neutral | $339.00 | $325.00 |
| David Hynes | Canaccord Genuity | Maintains | Buy | $350.00 | $350.00 |
| Joseph Bonner | Argus Research | Raises | Buy | $354.00 | $290.00 |
| Patrick Walravens | JMP Securities | Raises | Market Outperform | $342.00 | $293.00 |
| Kirk Materne | Evercore ISI Group | Raises | Outperform | $330.00 | $290.00 |
| Rishi Jaluria | RBC Capital | Raises | Outperform | $325.00 | $285.00 |
| Mark Murphy | JP Morgan | Raises | Overweight | $310.00 | $260.00 |
| Brad Sills | B of A Securities | Raises | Buy | $360.00 | $350.00 |
| Gregg Moskowitz | Mizuho | Raises | Buy | $345.00 | $325.00 |
| David Hynes | Canaccord Genuity | Raises | Buy | $350.00 | $290.00 |
| Terry Tillman | Truist Securities | Raises | Buy | $360.00 | $275.00 |
| Keith Bachman | BMO Capital | Raises | Outperform | $335.00 | $325.00 |
| Scott Berg | Needham | Raises | Buy | $345.00 | $275.00 |
| Rob Oliver | Baird | Raises | Outperform | $355.00 | $310.00 |
| 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 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Salesforce. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Salesforce compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Salesforce's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Salesforce's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Salesforce analyst ratings.
Delving into Salesforce's Background
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: Delving into Financials
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Salesforce displayed positive results in 3 months. As of 31 January, 2024, the company achieved a solid revenue growth rate of approximately 10.77%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 15.57%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Salesforce's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.46%, 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 1.52%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.21.
The Basics of Analyst Ratings
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.
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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