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Salesforce (CRM) Stock Forecast & Price Target

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+16.43 (+7.54%)
(As of 05/31/2024 ET)
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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

Moderate Buy
Based on 37 Analyst Ratings

Consensus Price Target

$292.79
24.89% Upside
High Forecast$365.00
Average Forecast$292.79
Low Forecast$220.00
TypeCurrent Forecast
6/2/23 to 6/1/24		1 Month Ago
5/3/23 to 5/2/24		3 Months Ago
3/4/23 to 3/3/24		1 Year Ago
6/2/22 to 6/2/23
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
25 Buy rating(s)
23 Buy rating(s)
24 Buy rating(s)
23 Buy rating(s)
Hold
10 Hold rating(s)
9 Hold rating(s)
8 Hold rating(s)
13 Hold rating(s)
Sell
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$292.79$310.61$302.26$222.11
Forecasted Upside24.89% Upside12.93% Upside11.36% Upside22.33% 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
2.70
2.58
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside24.89% Upside196.40% Upside9.98% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

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DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/31/2024Macquarie
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$330.00 ➝ $275.00+20.09%
5/30/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$355.00 ➝ $305.00+40.88%
5/30/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$323.00 ➝ $260.00+20.10%
5/30/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$310.00 ➝ $300.00+39.96%
5/30/2024DA Davidson
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$300.00 ➝ $230.00+7.30%
5/30/2024TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetHold ➝ Hold$330.00 ➝ $285.00+32.96%
5/30/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$360.00 ➝ $350.00+63.28%
5/30/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetEqual Weight ➝ Equal Weight$300.00 ➝ $250.00+16.52%
5/30/2024Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$350.00 ➝ $300.00+39.82%
5/30/2024Sanford C. Bernstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetUnderperform ➝ Underperform$231.00 ➝ $234.00+9.06%
5/30/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$310.00 ➝ $250.00+15.36%
5/30/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingStrong-Buy ➝ Strong-Buy$380.00 ➝ $325.00+49.96%
5/30/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$330.00 ➝ $300.00+38.72%
5/30/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$335.00 ➝ $265.00+21.31%
5/30/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$350.00 ➝ $300.00+37.32%
5/30/2024Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$360.00 ➝ $300.00+37.32%
5/30/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$345.00 ➝ $300.00+10.25%
5/30/2024Canaccord Genuity Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$350.00 ➝ $300.00+10.25%
5/30/2024Robert W. Baird
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$355.00 ➝ $295.00+8.42%
5/30/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$350.00 ➝ $320.00+17.60%
5/30/2024Oppenheimer
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$325.00 ➝ $280.00+2.90%
5/30/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$300.00 ➝ $250.00-8.12%
5/30/2024Needham & Company LLC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$345.00 ➝ $345.00+26.79%
5/29/2024Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$325.00 ➝ $315.00+45.35%
5/24/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Outperform$350.00 ➝ $350.00+28.01%
4/16/2024Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Outperform$365.00+33.82%
4/15/2024JMP Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMarket Outperform ➝ Market Outperform$342.00+23.07%
3/21/2024KeyCorp
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageSector Weight
3/6/2024Argus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$290.00 ➝ $354.00+16.46%
2/29/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$350.00 ➝ $360.00+18.02%
10/2/2023The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeConviction-Buy ➝ Buy
9/15/2023HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$267.00+22.04%
9/1/2023Northland Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetMarket Perform ➝ Market Perform$210.00 ➝ $220.00-0.66%
8/31/2023Roth Mkm
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$242.00 ➝ $265.00+18.75%
8/31/2023Loop Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetHold ➝ Hold$215.00 ➝ $230.00+6.96%
6/1/2023Roth Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		R. Baldry
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingBuy
6/1/2023Societe Generale
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ Hold
3/2/2023Atlantic Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$140.00 ➝ $200.00+19.51%
2/21/2023Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform$160.00 ➝ $170.00+2.92%
1/20/2023Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOutperform ➝ Market Perform
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12/5/2022Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform$250.00 ➝ $225.00+55.64%
11/17/2022Monness Crespi & Hardt
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ Neutral
9/2/2022Guggenheim
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeSell ➝ Neutral$150.00-2.30%
6/1/2022William Blair
Subscribe to MarketBeat All Access for the recommendation accuracy rating		A. Bhatia
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingOutperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:47 PM ET.

CRM Frequently Asked Questions

What is Salesforce's stock forecast and purchase recommendation?

According to the research reports of 37 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. The consensus rating for Salesforce stock is Moderate Buy based on the current 1 sell rating, 10 hold ratings, 25 buy ratings and 1 strong buy rating for CRM. 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 2.70 while the average consensus rating score for "computer and technology" companies is 2.58. Learn more on how CRM compares to other companies.

Does Salesforce's stock price have much upside?

According to analysts, Salesforce's stock has a predicted upside of 22.41% based on their 12-month stock forecasts.

What analysts cover Salesforce?

Salesforce has been rated by research analysts at Argus, Barclays, BMO Capital Markets, Canaccord Genuity Group, Citigroup, DA Davidson, Deutsche Bank Aktiengesellschaft, Evercore ISI, Jefferies Financial Group, JMP Securities, JPMorgan Chase & Co., KeyCorp, Macquarie, Mizuho, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Raymond James, Robert W. Baird, Royal Bank of Canada, Sanford C. Bernstein, Stifel Nicolaus, TD Cowen, Truist Financial, UBS Group, Wedbush, Wells Fargo & Company, and Wolfe Research in the past 90 days.


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This page (NYSE:CRM) was last updated on 6/1/2024 by MarketBeat.com Staff

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