Salesforce (CRM) Stock Forecast & Price Target

$245.00

+14.65 (+6.36%)

(As of 12:22 PM ET)

Today's Range: $243.65
▼
$252.50
50-Day Range: $196.38
▼
$230.35
52-Week Range: $126.34
▼
$252.50

Volume: 12.41 million shs
Average Volume: 6.43 million shs
Market Capitalization: $238.39 billion

P/E Ratio: 154.09
Dividend Yield: N/A
Price Target: $243.39

Salesforce Consensus Analyst Rating and Stock Price Forecast (2023)

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.

Analysts' Consensus Rating

Moderate Buy
Based on 40 Analyst Ratings

Analysts' Consensus Price Target

$249.39
1.79% Upside

High Forecast	$300.00
Average Forecast	$249.39
Low Forecast	$153.00

Type	Current Forecast 11/30/22 to 11/30/23	1 Month Ago 10/31/22 to 10/31/23	3 Months Ago 9/1/22 to 9/1/23	1 Year Ago 11/30/21 to 11/30/22
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	25 Buy rating(s)	25 Buy rating(s)	24 Buy rating(s)	28 Buy rating(s)
Hold	13 Hold rating(s)	14 Hold rating(s)	14 Hold rating(s)	6 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$249.39	$241.28	$237.43	$217.25
Predicted Upside	1.79% Upside	18.48% Upside	17.05% Upside	27.59% Upside

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CRM Analyst Ratings 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.

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.

Salesforce Stock vs. The Competition

Type	Salesforce	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.65	2.55	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	5.66% Upside	750.44% Upside	4,719.86% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/30/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$252.00 ➝ $277.00	+20.25%
11/30/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$250.00 ➝ $275.00	+19.38%
11/30/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$232.00 ➝ $266.00	+15.48%
11/30/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$250.00 ➝ $275.00	+19.38%
11/30/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$280.00 ➝ $300.00	+30.24%
11/24/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$229.00 ➝ $247.00	+10.36%
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11/22/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$272.00 ➝ $268.00	+19.46%
10/4/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$275.00	+36.93%
10/2/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Conviction-Buy ➝ Buy
9/21/2023	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Outperform ➝ Market Outperform	$275.00	+31.03%
9/15/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$240.00	+11.40%
9/15/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$267.00	+22.04%
9/1/2023	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$210.00 ➝ $220.00	-0.66%
8/31/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$210.00 ➝ $230.00	+2.72%
8/31/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$250.00 ➝ $265.00	+18.75%
8/31/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$242.00 ➝ $265.00	+18.75%
8/31/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$250.00 ➝ $275.00	+27.88%
8/31/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$240.00 ➝ $275.00	+27.88%
8/31/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy ➝ Strong-Buy	$260.00 ➝ $280.00	+30.21%
8/31/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$215.00 ➝ $230.00	+6.96%
8/31/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$240.00 ➝ $255.00	+18.58%
8/31/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$210.00 ➝ $220.00	+2.31%
8/31/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$220.00 ➝ $240.00	+11.61%
8/31/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$250.00 ➝ $255.00	+18.58%
8/31/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$250.00 ➝ $275.00	+27.88%
8/31/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$230.00 ➝ $240.00	+11.61%
8/31/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$245.00 ➝ $260.00	+20.91%
8/31/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$250.00 ➝ $275.00	+27.88%
7/31/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$251.00 ➝ $278.00	+23.23%
6/1/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Baldry Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
6/1/2023	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
6/1/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mark Moerdler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$145.00 ➝ $153.00	-31.73%
3/2/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$190.00 ➝ $240.00	+27.78%
3/2/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Luria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral	$150.00 ➝ $180.00	+7.56%
3/2/2023	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$218.00 ➝ $225.00	+34.45%
3/2/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$140.00 ➝ $200.00	+19.51%
2/21/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$160.00 ➝ $170.00	+2.92%
1/20/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
12/5/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$250.00 ➝ $225.00	+55.64%
12/1/2022	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform

(Data available from 11/30/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

CRM Price Target - Frequently Asked Questions

What is Salesforce's consensus rating and price target?: According to the issued ratings of 40 analysts in the last year, the consensus rating for Salesforce stock is Moderate Buy based on the current 1 sell rating, 13 hold ratings, 25 buy ratings and 1 strong buy rating for CRM. The average twelve-month price prediction for Salesforce is $249.39 with a high price target of $300.00 and a low price target of $153.00. Learn more on CRM's analyst rating history.
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 2.65 while the average consensus rating score for computer and technology companies is 2.55. Learn more on how CRM compares to other companies.
Is Salesforce being downgraded by Wall Street analysts?: Over the previous 90 days, Salesforce's stock had 2 downgrades by analysts.

Does Salesforce's stock price have much upside?: According to analysts, Salesforce's stock has a predicted upside of 18.36% based on their 12-month stock forecasts.
What analysts cover Salesforce?: Salesforce has been rated by Bank of America, BMO Capital Markets, Citigroup, HSBC, JMP Securities, KeyCorp, Morgan Stanley, Needham & Company LLC, Northland Securities, Oppenheimer, Piper Sandler, Royal Bank of Canada, The Goldman Sachs Group, Truist Financial, Wedbush, and Wells Fargo & Company in the past 90 days.

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This page (NYSE:CRM) was last updated on 11/30/2023 by MarketBeat.com Staff

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