From Nasdaq: 2025-02-07 10:21:58

Salesforce, Inc. (CRM) offers CRM software and other applications, valued at $333 billion. However, its stock has underperformed the market, with a 15.7% gain over the past year. Challenges include slow revenue growth due to cautious spending and competition from Microsoft and Oracle. Q3 results beat expectations, with a positive outlook for Q4.

Analysts expect CRM’s EPS to grow by 23.4% to $7.48 for the current fiscal year. The company has a history of beating consensus estimates and is rated a “Strong Buy” by 45 analysts. Stifel Nicolaus analyst J. Parker Lane maintains a “Buy” rating with a price target of $425, implying a 28.5% potential upside.

The mean price target for CRM is $397.81, representing a 20.3% premium to current levels. The Street-high price target of $450 suggests a 36% upside potential. Analyst sentiment has become more bullish recently, with an overall rating of “Moderate Buy” and a positive outlook for the stock’s performance.



Read more at Nasdaq: Do Wall Street Analysts Like Salesforce Stock?