Key Points:
- Piper Sandler revises Salesforce's price target amidst growth concerns.
- Analysts remain optimistic with an "Overweight" rating for CRM.
- Salesforce's AI platform, Agentforce, under scrutiny in the evolving sector.
Salesforce (NYSE: CRM) has experienced a notable shift in its price target, as Piper Sandler adjusted its target to $315, down from the previous $400. While maintaining an "Overweight" rating, this change reflects apprehensions about decelerating growth within the cloud sector and challenges surrounding the adoption of artificial intelligence. Notably, Salesforce's AI platform, Agentforce, is garnering attention as it navigates these industry hurdles.
Wall Street Analysts Forecast for Salesforce
According to the projections from 47 analysts, Salesforce Inc (CRM, Financial) currently holds an average target price of $365.42. The forecasts vary, with the highest estimate at $442.00 and the lowest at $200.00, suggesting an impressive average upside of 36.43% from its current trading price of $267.85. For more detailed forecast data, please visit the Salesforce Inc (CRM) Forecast page.
Brokerage Recommendations and GF Value Analysis
Consensus from 53 brokerage firms assigns Salesforce Inc (CRM, Financial) with an "Outperform" status, reflected in an average brokerage recommendation of 2.0 on a scale where 1 indicates a Strong Buy and 5 signifies Sell.
GuruFocus estimates the GF Value of Salesforce Inc (CRM, Financial) at $289.50 over the next year, indicating a potential upside of 8.08% from the present price of $267.85. The GF Value considers historical trading multiples, past growth patterns, and future performance projections. Detailed insights are accessible on the Salesforce Inc (CRM) Summary page.
Investors should note that while short-term uncertainties exist, the overall analyst sentiment and GF Value projections suggest a positive outlook over the long term for Salesforce. As the company navigates the complexities of AI integration and cloud sector dynamics, its strategic moves will be pivotal in shaping its future performance.
