Salesforce (CRM, Financial) has announced its decision to acquire Informatica in a deal valued at $8 billion, excluding its existing investment in the company. This acquisition will result in Informatica's shareholders receiving $25 per share. The agreement includes a clause that mandates a termination fee should either party back out of the deal. JPMorgan analyst Mark Murphy responded to the news by adjusting Informatica's rating to Neutral from Overweight, while raising the price target from $24 to $25.
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 $361.19 with a high estimate of $442.00 and a low estimate of $200.00. The average target implies an upside of 30.42% from the current price of $276.94. 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 $291.64, suggesting a upside of 5.31% from the current price of $276.935. 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.
