Salesforce (CRM, Financial) has announced its intention to acquire Informatica for a total of $8 billion. This strategic move aims to enhance Salesforce's data management capabilities by integrating Informatica's robust platform. The acquisition is expected to provide Salesforce with advanced data solutions, enabling it to offer more comprehensive services to its customers. Through this deal, Salesforce seeks to strengthen its position in the market by expanding its suite of tools and services related to data management and analytics.
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 $363.62 with a high estimate of $442.00 and a low estimate of $200.00. The average target implies an upside of 33.13% from the current price of $273.13. 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 $291.62, suggesting a upside of 6.77% from the current price of $273.13. 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.
