- Strategic Acquisition: Salesforce (CRM, Financial) eyes a strategic move with a potential acquisition of Informatica (INFA) valued at $25 per share.
- Market Reaction: Anticipation of this acquisition has driven Salesforce shares up by 1.5% and significantly boosted Informatica shares by 6.3% in premarket trading.
- Analyst Insights: Wall Street analysts forecast a promising upside potential for Salesforce, with a notable average target price and brokerage recommendation.
Salesforce's Strategic Acquisition Move
Salesforce (CRM) is reportedly in the final stages of acquiring Informatica (INFA) at an attractive offer of $25 per share. This acquisition deal is poised for an imminent announcement and has been a catalyst for a 1.5% increase in Salesforce's share price. Informatica, responding favorably to the acquisition news, saw its shares rise by an impressive 6.3% in premarket trading.
Wall Street Analysts' Forecast on Salesforce
Investment analysts have presented their one-year price targets for Salesforce Inc (CRM, Financial), averaging at $363.62. The projections range from a high of $442.00 to a low of $200.00. With Salesforce's current price at $273.13, the average target suggests a substantial upside of 33.13%. For a comprehensive look at these projections, refer to the Salesforce Inc (CRM) Forecast page.
Moreover, the consensus recommendation from 54 brokerage firms positions Salesforce Inc (CRM, Financial) at an average rating of 2.0, signaling an "Outperform" status. This rating falls within a scale of 1 to 5, where 1 indicates a Strong Buy and 5 suggests a Sell.
Evaluating Salesforce's GF Value
According to GuruFocus estimates, the projected GF Value for Salesforce Inc (CRM, Financial) is calculated at $291.62 for the year ahead. This evaluation proposes an upside of 6.77% from its current trading price of $273.13. The GF Value represents GuruFocus's fair value estimation based on historical trading multiples and anticipated business performance. For more details, explore the Salesforce Inc (CRM) Summary page.
