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Salesforce (CRM) Stock Forecast & Price Target

$249.96
-6.10 (-2.38%)
(As of 02:51 PM ET)

Salesforce - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 35 Wall Street analysts who have issued ratings for Salesforce in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 35 analysts, 1 has given a sell rating, 9 have given a hold rating, 24 have given a buy rating, and 1 has given a strong buy rating for CRM.

Consensus Price Target

$292.79
17.14% Upside
High Forecast$365.00
Average Forecast$292.79
Low Forecast$220.00

According to the 35 analysts' twelve-month price targets for Salesforce, the average price target is $292.79. The highest price target for CRM is $365.00, while the lowest price target for CRM is $220.00. The average price target represents a forecasted upside of 17.14% from the current price of $249.96.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
24 Buy rating(s)
24 Buy rating(s)
23 Buy rating(s)
23 Buy rating(s)
Hold
9 Hold rating(s)
9 Hold rating(s)
9 Hold rating(s)
13 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$292.79$292.79$310.61$223.50
Forecasted Upside17.14% Upside22.41% Upside12.93% Upside21.84% Upside
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CRM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CRM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Salesforce Stock vs. The Competition

TypeSalesforceComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.71
2.61
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside16.68% Upside122.45% Upside9.80% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024Piper Sandler
2 of 5 stars
 Reiterated RatingNeutral ➝ Neutral$250.00 ➝ $250.00-1.90%
5/31/2024Macquarie
2 of 5 stars
 Lower TargetOutperform ➝ Outperform$330.00 ➝ $275.00+20.09%
5/30/2024Barclays
2 of 5 stars
 Lower TargetOverweight ➝ Overweight$355.00 ➝ $305.00+40.88%
5/30/2024Citigroup
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 Lower TargetNeutral ➝ Neutral$323.00 ➝ $260.00+20.10%
5/30/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$310.00 ➝ $300.00+39.96%
5/30/2024DA Davidson
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 Lower TargetNeutral ➝ Neutral$300.00 ➝ $230.00+7.30%
5/30/2024TD Cowen
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 Lower TargetHold ➝ Hold$330.00 ➝ $285.00+32.96%
5/30/2024Jefferies Financial Group
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 Lower TargetBuy ➝ Buy$360.00 ➝ $350.00+63.28%
5/30/2024Wells Fargo & Company
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 Lower TargetEqual Weight ➝ Equal Weight$300.00 ➝ $250.00+16.52%
5/30/2024Deutsche Bank Aktiengesellschaft
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 Lower TargetBuy ➝ Buy$350.00 ➝ $300.00+39.82%
5/30/2024Sanford C. Bernstein
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 Boost TargetUnderperform ➝ Underperform$231.00 ➝ $234.00+9.06%
5/30/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$310.00 ➝ $250.00+15.36%
5/30/2024Raymond James
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 Reiterated RatingStrong-Buy ➝ Strong-Buy$380.00 ➝ $325.00+49.96%
5/30/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$330.00 ➝ $300.00+38.72%
5/30/2024BMO Capital Markets
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 Lower TargetOutperform ➝ Outperform$335.00 ➝ $265.00+21.31%
5/30/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$350.00 ➝ $300.00+37.32%
5/30/2024Truist Financial
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 Reiterated RatingBuy ➝ Buy$360.00 ➝ $300.00+37.32%
5/30/2024Mizuho
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 Lower TargetBuy ➝ Buy$345.00 ➝ $300.00+10.25%
5/30/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$350.00 ➝ $300.00+10.25%
5/30/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$355.00 ➝ $295.00+8.42%
5/30/2024Morgan Stanley
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 Lower TargetOverweight ➝ Overweight$350.00 ➝ $320.00+17.60%
5/30/2024Oppenheimer
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 Lower TargetOutperform ➝ Outperform$325.00 ➝ $280.00+2.90%
5/30/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$345.00 ➝ $345.00+26.79%
5/29/2024Wedbush
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 Lower TargetOutperform ➝ Outperform$325.00 ➝ $315.00+45.35%
5/24/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$350.00 ➝ $350.00+28.01%
4/16/2024Wolfe Research
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 Reiterated RatingOutperform ➝ Outperform$365.00+33.82%
4/15/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$342.00+23.07%
3/21/2024KeyCorp
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 Initiated CoverageSector Weight
3/6/2024Argus
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 Boost TargetBuy ➝ Buy$290.00 ➝ $354.00+16.46%
2/29/2024Bank of America
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 Boost TargetBuy ➝ Buy$350.00 ➝ $360.00+18.02%
10/2/2023The Goldman Sachs Group
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 DowngradeConviction-Buy ➝ Buy
9/15/2023HSBC
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 Initiated CoverageBuy$267.00+22.04%
9/1/2023Northland Securities
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 Boost TargetMarket Perform ➝ Market Perform$210.00 ➝ $220.00-0.66%
8/31/2023Roth Mkm
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 Boost TargetBuy ➝ Buy$242.00 ➝ $265.00+18.75%
8/31/2023Loop Capital
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 Boost TargetHold ➝ Hold$215.00 ➝ $230.00+6.96%
6/1/2023Roth Capital
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R. Baldry
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Reiterated RatingBuy
6/1/2023Societe Generale
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 DowngradeBuy ➝ Hold
3/2/2023Atlantic Securities
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 Boost Target$140.00 ➝ $200.00+19.51%
2/21/2023Cowen
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 Boost TargetOutperform$160.00 ➝ $170.00+2.92%
1/20/2023Cowen
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 DowngradeOutperform ➝ Market Perform
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12/5/2022Credit Suisse Group
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 Lower TargetOutperform$250.00 ➝ $225.00+55.64%
11/17/2022Monness Crespi & Hardt
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 DowngradeBuy ➝ Neutral
9/2/2022Guggenheim
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 UpgradeSell ➝ Neutral$150.00-2.30%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 03:10 PM ET.

CRM Forecast - Frequently Asked Questions

What is Salesforce's forecast for 2024?

According to the research reports of 35 Wall Street equities research analysts, the average twelve-month stock price forecast for Salesforce is $292.79, with a high forecast of $365.00 and a low forecast of $220.00.

Should I buy or sell Salesforce stock right now?

35 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Salesforce in the last year. There is currently 1 sell rating, 9 hold ratings, 24 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CRM shares.

Does Salesforce's stock price have much upside?

According to analysts, Salesforce's stock has a predicted upside of 22.67% based on their 12-month stock forecasts.

Do Wall Street analysts like Salesforce more than its competitors?

Analysts like Salesforce more than other "computer and technology" companies. The consensus rating score for Salesforce is 2.71 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how CRM compares to other companies.


This page (NYSE:CRM) was last updated on 7/24/2024 by MarketBeat.com Staff

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