Salesforce Stock Price Forecast: Analysts Predict Bullish Outlook
Average 12-Month Target Set at $292.13
36 Wall Street Analysts Provide Price Estimates
According to a survey of 36 Wall Street equities research analysts, the average 12-month price forecast for Salesforce stock (CRM) stands at $292.13, with a low estimate of $153. This consensus figure suggests a potential upside of 18.99% from the current market value. The bullish outlook is supported by the findings of 37 Wall Street analysts surveyed, who predict a 12-month price target of $292.13, with a low estimate of $153.
Salesforce, a leading provider of customer relationship management (CRM) software, has consistently exceeded market expectations with its strong revenue growth and profitability. The company's latest earnings report revealed a 24% year-over-year increase in revenue, driven by strong demand for its cloud-based CRM solutions. Salesforce also expanded its market share, further solidifying its position as a leader in the CRM sector.
Conclusion
The bullish outlook of Wall Street analysts highlights the strong fundamental position of Salesforce. The company's consistent growth, expanding market share, and innovative product offerings position it well for continued success. With its average 12-month price target of $292.13, Salesforce stock offers a compelling opportunity for investors seeking growth potential in the technology sector.
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