Bulls vs Bears
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Salesforce Inc has a consensus price target of $294.25 based on the ratings of 33 analysts. The high is $365 issued by Wolfe Research on April 16, 2024. The low is $220 issued by Northland Capital Markets on September 1, 2023. The 3 most-recent analyst ratings were released by B of A Securities, Piper Sandler, and Macquarie on August 16, 2024, July 12, 2024, and May 31, 2024, respectively. With an average price target of $280.33 between B of A Securities, Piper Sandler, and Macquarie, there's an implied 6.09% upside for Salesforce Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Salesforce (NYSE:CRM) was reported by B of A Securities on August 16, 2024. The analyst firm set a price target for $316.00 expecting CRM to rise to within 12 months (a possible 19.58% upside). 100 analyst firms have reported ratings in the last year.
The latest analyst rating for Salesforce (NYSE:CRM) was provided by B of A Securities, and Salesforce maintained their buy rating.
The last upgrade for Salesforce Inc happened on January 11, 2024 when Baird raised their price target to $300. Baird previously had a neutral for Salesforce Inc.
The last downgrade for Salesforce Inc happened on December 20, 2023 when Wells Fargo changed their price target from N/A to $280 for Salesforce Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Salesforce, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Salesforce was filed on August 16, 2024 so you should expect the next rating to be made available sometime around August 16, 2025.
While ratings are subjective and will change, the latest Salesforce (CRM) rating was a maintained with a price target of $288.00 to $316.00. The current price Salesforce (CRM) is trading at is $264.25, which is out of the analyst’s predicted range.
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