- Salesforce (CRM, Financial) lowers its quarterly dividend, impacting the forward yield.
- Analyst price targets suggest potential upside, with a consensus recommendation of "Outperform."
- GuruFocus estimates an 11.67% upside based on GF Value projections.
Salesforce Adjusts Dividend
Salesforce Inc. (CRM) has announced a slight reduction in its quarterly dividend, lowering the payout to $0.416 per share, down from the previous $0.420. This adjustment sets the forward yield at 0.62%. The dividend remains scheduled for payout on July 10, with the record and ex-dividend dates confirmed for June 18.
Analyst Price Target Insights
In the realm of price predictions, 50 analysts have set a one-year target price for Salesforce Inc., averaging at $353.04. Projections reach as high as $442.00 and as low as $225.00. The average target price implies a potential upside of 32.16% from the current trading value of $267.14. For more in-depth analysis, visit the Salesforce Inc (CRM, Financial) Forecast page.
Brokerage Recommendations
Evaluating analyst sentiment, the consensus recommendation from 56 brokerage firms positions Salesforce Inc. at an average rating of 2.0, which denotes an "Outperform" status. This rating operates on a scale from 1 to 5, where a score of 1 represents a "Strong Buy" and 5 indicates a "Sell."
Evaluating GF Value
According to GuruFocus assessments, Salesforce Inc.'s estimated GF Value is projected to reach $298.32 within the next year. This projection suggests a potential upside of 11.67% from the current share price of $267.14. The GF Value metric reflects GuruFocus's fair value estimation, calculated using historical trading multiples, past business growth, and future business performance forecasts. For further information, consult the Salesforce Inc (CRM, Financial) Summary page.
