In recent stock market updates, UBS analyst Karl Keirstead has adjusted the target price for Salesforce (CRM, Financial), a leading cloud-based software company. The firm has lowered its price target from $340.00 to $320.00 USD, marking a change of -5.88%.
Despite the adjustment in the target price, UBS maintains a "Neutral" rating for Salesforce (CRM, Financial). This indicates that the firm sees no immediate reason to alter its overall assessment of the company's stock performance.
The updated target price and maintained rating come as part of UBS's regular analysis and insights into Salesforce's business strategies and market position. Investors should take note of these changes when considering their positions in Salesforce (CRM, Financial).
Wall Street Analysts Forecast
Based on the one-year price targets offered by 48 analysts, the average target price for Salesforce Inc (CRM, Financial) is $363.31 with a high estimate of $442.00 and a low estimate of $200.00. The average target implies an upside of 26.61% from the current price of $286.96. More detailed estimate data can be found on the Salesforce Inc (CRM) Forecast page.
Based on the consensus recommendation from 54 brokerage firms, Salesforce Inc's (CRM, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Salesforce Inc (CRM, Financial) in one year is $291.78, suggesting a upside of 1.68% from the current price of $286.96. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Salesforce Inc (CRM) Summary page.
