Salesforce (CRM, Financial) reported first-quarter revenue of $9.83 billion, exceeding analysts' expectations of $9.75 billion. As a result of this strong performance, the company has increased its revenue guidance by $400 million, bringing the high end of the range to $41.3 billion.
The company attributes its success to its comprehensive enterprise AI platform, which integrates agents, data, applications, and metadata in a unified manner. Key components of this platform include Agentforce, Data Cloud, Customer 360 apps, Tableau, and Slack, all of which enable companies to enhance productivity, reduce costs, and foster growth by creating a digital workforce.
Furthermore, the planned acquisition of Informatica is set to combine leading AI CRM capabilities with an AI-powered MDM and ETL platform, aiming to establish the most advanced and intelligent AI and data infrastructure for enterprises.
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 31.29% from the current price of $275.10. 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 6.01% from the current price of $275.095. 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.
