Salesforce (CRM, Financial) has reported impressive financial results for the first quarter, with its subscription and support revenue reaching $9.3 billion. This indicates an 8% increase compared to the same period last year, and a 9% jump when considering constant currency values.
Additionally, the company's current remaining performance obligation stands at $29.6 billion, marking a 12% rise from the previous year, or 11% in constant currency terms. These figures highlight Salesforce's robust business performance and its continued expansion in the market.
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.
