Key Takeaways:
- Bank of America maintains a "Buy" rating for Salesforce (CRM, Financial) with a target price of $350.
- Salesforce is expected to generate $9.7 billion in revenue by fiscal 2026, with accelerated growth due to new offerings.
- Consensus estimates indicate a potential upside of 36.75% from the current stock price.
Bank of America's Bullish Outlook on Salesforce
In a confident stance, Bank of America reaffirms its "Buy" rating for Salesforce (CRM), setting a price target of $350. Their positive outlook centers around Salesforce's Service Cloud, with analysts forecasting the company's revenue to reach $9.7 billion by fiscal 2026. Growth is anticipated to accelerate to 9% in the coming quarters, largely driven by innovative offerings like Agentforce and various upsell opportunities that aim to enhance customer engagement and expand market share.
Wall Street Analysts Forecast
According to projections from 49 analysts over the next year, the average target price for Salesforce Inc (CRM, Financial) stands at $352.90. This includes a high estimate of $442.00 and a low estimate of $225.00. The average target price suggests a considerable upside of 36.75% from the current trading price of $258.07. For additional detailed estimates, visit the Salesforce Inc (CRM) Forecast page.
Consensus Rating and GF Value Estimate
Salesforce Inc is currently receiving an average brokerage recommendation of 2.0 from 54 brokerage firms, indicating an "Outperform" status. This rating is derived from a scale where 1 represents a "Strong Buy" and 5 signifies a "Sell".
According to GuruFocus estimates, the projected GF Value for Salesforce Inc (CRM, Financial) in one year is pegged at $302.33, indicating a potential upside of 17.15% from its current price of $258.07. The GF Value is a fair value estimate, calculated based on historical trading multiples, past business growth, and future performance projections. More in-depth information can be accessed on the Salesforce Inc (CRM) Summary page.
