The Analyst Landscape: 25 Takes On Salesforce
Portfolio Pulse from Benzinga Insights
25 analysts have recently shared their evaluations of Salesforce (NYSE:CRM), showing a mix of bullish and bearish sentiments. The latest ratings indicate a shift towards a more positive outlook, with an average 12-month price target of $330.72, marking a 10.52% increase from the previous target. Analysts have adjusted their ratings and price targets based on Salesforce's performance and market conditions, reflecting a generally optimistic view of the company's future stock performance. Salesforce's financial overview highlights its strong market position, notable revenue growth, but challenges in net margin, ROE, and ROA compared to industry averages.
April 12, 2024 | 3:01 pm
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Salesforce has received a mix of bullish and bearish ratings from 25 analysts, with a notable increase in the average 12-month price target to $330.72, reflecting a positive sentiment shift. The company's financial performance shows strong revenue growth but challenges in profitability and asset utilization.
The increase in Salesforce's average price target by analysts suggests a positive outlook on the stock's future performance. This optimism is based on Salesforce's market position and recent revenue growth. However, concerns about net margin, ROE, and ROA may temper expectations. The overall positive sentiment from analysts, combined with Salesforce's strategic position in cloud computing and customer relationship management, supports a likely upward movement in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100