Salesforce Poised For Continued Growth, Despite Forex Headwinds And AI Development Delays, Says Analyst
Portfolio Pulse from Anusuya Lahiri
Salesforce (NYSE: CRM) is expected to continue its growth despite forex headwinds and delays in AI development. Analysts have mixed ratings and price targets, with Wells Fargo lowering its target to $300 and Oppenheimer maintaining a $325 target. Stifel remains optimistic with a $350 target. Salesforce's stock has gained over 34% in the last 12 months, and investors can gain exposure through ETFs like REX FANG & Innovation Equity Premium Income ETF (NASDAQ: FEPI) and Fidelity Disruptive Technology ETF (NASDAQ: FDTX).
May 23, 2024 | 7:17 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Salesforce is expected to continue its growth despite forex headwinds and delays in AI development. Analysts have mixed ratings and price targets, with Wells Fargo lowering its target to $300 and Oppenheimer maintaining a $325 target. Stifel remains optimistic with a $350 target.
The mixed analyst ratings and price targets indicate uncertainty in the short term. While some analysts are optimistic, others are cautious due to forex headwinds and AI development delays.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Investors can gain exposure to Salesforce through the Fidelity Disruptive Technology ETF, which includes Salesforce in its portfolio.
The ETF includes Salesforce in its portfolio, providing indirect exposure to Salesforce's performance. However, the impact on the ETF's price is less direct.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Investors can gain exposure to Salesforce through the REX FANG & Innovation Equity Premium Income ETF, which includes Salesforce in its portfolio.
The ETF includes Salesforce in its portfolio, providing indirect exposure to Salesforce's performance. However, the impact on the ETF's price is less direct.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50