Salesforce Gears Up For Q3 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Salesforce, Inc. CRM is projected to release financial results for its third quarter, after the closing bell on Nov. 29, 2023.

Analysts expect the company to post quarterly earnings at $2.06 per share, up from year-ago earnings of $1.40 per share. The company’s revenue might come in at $8.73 billion for the latest quarter, according to Benzinga Pro.

Salesforce, during August, reported better-than-expected second-quarter financial results and issued FY24 guidance above estimates.

Salesforce shares gained 0.1% to close at $224.92 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Citigroup analyst Tyler Radke maintained a Neutral rating and raised the price target from $229 to $247 on Nov. 24, 2023. This analyst has an accuracy rate of 72%.
• Keybanc analyst Michael Turits maintained an Overweight rating and cut the price target from $272 to $268 on Nov. 22, 2023. This analyst has an accuracy rate of 72%.
• BMO Capital analyst Keith Bachman maintained an Outperform rating and cut the price target from $262 to $252 on Nov. 21, 2023. This analyst has an accuracy rate of 81%.
• Piper Sandler analyst Brent Bracelin downgraded the stock from Overweight to Neutral and slashed the price target from $268 to $232 on Oct. 23, 2023. This analyst has an accuracy rate of 76%.
• Truist Securities analyst Terry Tillman reiterated a Buy rating with a price target of $275 on Oct. 4, 2023. This analyst has an accuracy rate of 67%.

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