Salesforce Stock Forecast: What Do the Experts Say?
2024 Outlook
According to a survey of 35 Wall Street equity research analysts, the average 12-month stock price forecast for Salesforce (CRM) is $291.50, with a low estimate of $220.00 and a high estimate of $340.00. Thirty-four analysts have provided 12-month price targets in the past three months.
Key Findings
- The average analyst price target represents a potential upside of 10.7% from the current stock price of $263.50.
- The highest price target is $340.00, set by Oppenheimer.
- The lowest price target is $220.00, set by KeyBanc Capital Markets.
Long-Term Outlook
Wall Street analysts predict that Salesforce's share price could reach $2996.90 by August 26, 2025. This average forecast represents a potential upside of 64.2% from the current stock price.
Factors Driving Growth
- Strong demand for cloud-based software solutions
- Continued expansion into new markets
- Strategic acquisitions and partnerships
Risks to Consider
- Competition from other cloud-based software providers
- Economic downturn
- Regulatory changes
Conclusion
Overall, analysts are optimistic about the long-term prospects for Salesforce. The company's strong market position, innovative products, and strategic growth initiatives are expected to drive continued growth in the coming years.
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