Key Highlights:
- Salesforce (CRM, Financial) shares surge following impressive earnings report.
- Analysts forecast a potential upside of 30.85% from the current stock price.
- Salesforce maintains an "Outperform" brokerage recommendation.
Salesforce (CRM) shares experienced a notable increase after the company released its first-quarter earnings, which exceeded expectations on several fronts. The tech leader delivered a non-GAAP earnings per share of $2.58, topping forecasts by $0.03. Revenue reached $9.83 billion, surpassing projections by $80 million. This performance underscores robust growth, particularly in AI-driven sectors.
Wall Street Analysts Forecast
According to the one-year price targets provided by 48 analysts, Salesforce Inc (CRM, Financial) is projected to reach an average target price of $361.19. The estimates range from a high of $442.00 to a low of $200.00, indicating a significant potential upside of 30.85% from its current price of $276.03. For more comprehensive data, visit the Salesforce Inc (CRM) Forecast page.
The consensus recommendation from 54 brokerage firms positions Salesforce Inc (CRM, Financial) with an average brokerage recommendation score of 2.0, signifying an "Outperform" rating. On this scale, 1 represents a Strong Buy, while 5 suggests a Sell.
Per GuruFocus estimates, Salesforce Inc (CRM, Financial) has an estimated GF Value of $291.64 in one year. This figure suggests a potential upside of 5.66% from the current price of $276.03. The GF Value represents GuruFocus' assessment of the stock's fair value, derived from historical trading multiples, past business growth, and future performance projections. Additional details can be found on the Salesforce Inc (CRM) Summary page.
