Key Takeaways:
- Salesforce's upcoming earnings report could signal significant developments in AI ventures.
- Analyst projections suggest a substantial potential upside in Salesforce's stock price.
- Salesforce holds an "Outperform" rating from multiple brokerage firms.
Salesforce (CRM, Financial) is gearing up to announce its first-quarter earnings this Wednesday. Analysts forecast earnings per share (EPS) to reach $2.55, with anticipated revenue growth of 7%, bringing the total to $9.75 billion. Despite facing recent challenges in sales growth, Salesforce's strategic $8 billion acquisition of Informatica is aimed at strengthening its position in the artificial intelligence sector.
Wall Street Analysts Forecast
According to 48 Wall Street analysts, the average one-year price target for Salesforce Inc (CRM, Financial) stands at $363.62. This projection ranges from a high of $442.00 to a low of $200.00. The average target indicates a notable upside of 31.78% from the current share price of $275.94. Investors seeking more comprehensive data can explore the Salesforce Inc (CRM) Forecast page.
Additionally, consensus from 54 brokerage firms suggests that Salesforce Inc (CRM, Financial) maintains an average brokerage recommendation of 2.0, categorizing it as an "Outperform." This rating falls within a 1 to 5 scale, where 1 signifies a Strong Buy and 5 a Sell.
GuruFocus estimates further bolster Salesforce's potential. The estimated GF Value for Salesforce Inc (CRM, Financial) in the next year is projected at $291.62, hinting at an upside of 5.68% from the current price of $275.94. The GF Value represents GuruFocus' estimation of the stock's fair trading value, calculated from historical trading multiples, past business growth, and future performance forecasts. For more detailed insights, visit the Salesforce Inc (CRM) Summary page.
