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Salesforce (CRM): 1899 Upside Potential Based on Analyst Estimates

12-Month Price Target Consensus

The consensus price target from 37 Wall Street analysts for Salesforce Inc. (CRM) over the next 12 months is $262.83, with an average estimate of $307.44 and a range of $153 to $320. This indicates a potential upside of 1899% from the current stock price of $15.02.

Analyst Purchase Recommendations

The analysts also provide purchase recommendations for CRM stock. Out of 33 equity research analysts covering Salesforce, 76% recommend buying, 12% hold, and 12% sell. The average price target for buy recommendations is $320, while the average sell recommendation price is $153.

Factors Influencing Analyst Estimates

The analyst forecasts are based on various factors, including the company's financial performance, industry trends, competitive landscape, and overall economic conditions. Some of the key factors considered by analysts include:

• Salesforce's strong revenue growth and market leadership in the CRM industry
• Expansion into new markets and product offerings
• Increased adoption of cloud-based software solutions
• Competition from Oracle, SAP, and other software vendors
• Overall economic environment and geopolitical uncertainties

Conclusion

The analyst estimates and purchase recommendations provide valuable insights into the market's expectations for Salesforce Inc. While these estimates are subject to change, they serve as a benchmark for investors to assess the company's potential upside and risk. It's important to note that stock prices can be volatile and unpredictable, and investors should always conduct thorough research and consult with a financial advisor before making investment decisions.

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