In the last three months, 36 analysts have published ratings on Salesforce CRM, offering a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 12 | 16 | 8 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 3 | 0 | 0 | 0 |
| 2M Ago | 11 | 12 | 8 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated Salesforce and provided 12-month price targets. The average target is $310.06, accompanied by a high estimate of $400.00 and a low estimate of $236.00. This current average has increased by 5.74% from the previous average price target of $293.23.
Understanding Analyst Ratings: A Comprehensive Breakdown
The standing of Salesforce among financial experts is revealed through an in-depth exploration 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 | $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 |
| Terry Tillman | Truist Securities | Raises | Buy | $315.00 | $300.00 |
| Rishi Jaluria | RBC Capital | Maintains | Outperform | $300.00 | $300.00 |
| Yun Kim | Loop Capital | Maintains | Hold | $270.00 | $270.00 |
| Brad Sills | B of A Securities | Maintains | Buy | $325.00 | $325.00 |
| Scott Berg | Needham | Maintains | Buy | $345.00 | $345.00 |
| Ambrish Shah | Phillip Securities | Announces | Accumulate | $305.00 | - |
| Terry Tillman | Truist Securities | Maintains | Buy | $300.00 | $300.00 |
| Mark Moerdler | Bernstein | Raises | Outperform | $236.00 | $234.00 |
| Daniel Ives | Wedbush | Maintains | Outperform | $315.00 | $315.00 |
| J. Derrick Wood | TD Cowen | Raises | Hold | $290.00 | $285.00 |
| Richard Baldry | Roth MKM | Maintains | Buy | $335.00 | $335.00 |
| David Hynes | Canaccord Genuity | Raises | Buy | $315.00 | $300.00 |
| Gil Luria | DA Davidson | Raises | Neutral | $250.00 | $230.00 |
| Parker Lane | Stifel | Raises | Buy | $320.00 | $300.00 |
| Keith Bachman | BMO Capital | Raises | Outperform | $305.00 | $265.00 |
| Brent Bracelin | Piper Sandler | Raises | Neutral | $268.00 | $250.00 |
| Rishi Jaluria | RBC Capital | Maintains | Outperform | $300.00 | $300.00 |
| Mark Murphy | JP Morgan | Raises | Overweight | $310.00 | $300.00 |
| Brian Peterson | Raymond James | Raises | Strong Buy | $350.00 | $325.00 |
| Brian Schwartz | Oppenheimer | Raises | Outperform | $300.00 | $280.00 |
| Keith Weiss | Morgan Stanley | Raises | Overweight | $330.00 | $320.00 |
| Karl Keirstead | UBS | Raises | Neutral | $275.00 | $250.00 |
| Michael Turrin | Wells Fargo | Raises | Equal-Weight | $275.00 | $250.00 |
| Brad Sills | B of A Securities | Raises | Buy | $325.00 | $316.00 |
| Yun Kim | Loop Capital | Raises | Hold | $270.00 | $240.00 |
| Rob Oliver | Baird | Raises | Outperform | $315.00 | $295.00 |
| Scott Berg | Needham | Maintains | Buy | $345.00 | $345.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $342.00 | $342.00 |
| Tyler Radke | Citigroup | Raises | Neutral | $290.00 | $260.00 |
| Kirk Materne | Evercore ISI Group | Maintains | Outperform | $300.00 | $300.00 |
| Brad Sills | B of A Securities | Raises | Buy | $316.00 | $288.00 |
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 gauge the dynamics of price targets, providing 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.
Discovering Salesforce: A Closer Look
Salesforce 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: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Salesforce's remarkable performance in 3 months is evident. As of 31 July, 2024, the company achieved an impressive revenue growth rate of 8.39%. This signifies a substantial 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 is impressive, surpassing industry averages. With a net margin of 15.32%, the company demonstrates strong profitability and 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 2.44%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Salesforce's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.52%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Salesforce's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.2.
What Are Analyst Ratings?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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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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