Goldman Sachs analyst Kash Rangan has issued an update on Salesforce (CRM, Financial), maintaining the "Buy" rating and raising the price target. The new price target is set at USD 385.00, up from the previous target of USD 340.00.
This adjustment represents a notable increase of approximately 13.24% from the prior price target. The decision to raise the price target reflects continued confidence in Salesforce's growth prospects and market position. The "Buy" rating remains unchanged, highlighting ongoing positive sentiment towards Salesforce's future performance.
Salesforce (CRM, Financial) has been under the spotlight as this revision comes amidst ongoing market evaluations and strategy shifts within the industry. Investors are advised to take note of Goldman Sachs' revised outlook as they consider their investment options.
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 $362.12 with a high estimate of $442.00 and a low estimate of $225.00. The average target implies an upside of 41.01% from the current price of $256.80. 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 13.57% from the current price of $256.8. 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.
