Critical Insights From Salesforce Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
Salesforce (NYSE:CRM) has received mixed analyst ratings, with a majority being bullish or somewhat bullish. The average 12-month price target has increased by 4.41% to $304.62. Analysts have raised their price targets, reflecting positive sentiment. Salesforce's financials show strong revenue growth and net margin, but challenges in ROE and ROA.
September 24, 2024 | 12:00 pm
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POSITIVE IMPACT
Salesforce has received a mix of bullish and somewhat bullish ratings from analysts, with an increase in the average 12-month price target to $304.62. This reflects a positive sentiment shift. The company's financials show strong revenue growth and net margin, but challenges in ROE and ROA.
The increase in the average price target and the majority of bullish ratings suggest a positive short-term impact on Salesforce's stock price. The company's strong revenue growth and net margin further support this outlook, despite challenges in ROE and ROA.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100