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What Are Analysts’ Recommendations for Salesforce’s Stock?

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Dec. 4 2020, Updated 10:52 a.m. ET

Wall Street analysts’ views on Salesforce’s stock

Earlier in this series, we discussed expectations from Salesforce’s (CRM) impending fiscal 2Q17 earnings and its ongoing acquisition spree. Salesforce is a prominent player in the software space, along with Microsoft (MSFT), Oracle (ORCL), IBM (IBM), and SAP (SAP). Let’s take a look at the market views and metrics of Salesforce.

Among the 47 analyst recommendations on Salesforce’s stock, only one made a “sell” recommendation. As we can see in the chart above, more than 90% of analysts made “buy” recommendations. The remainder made “hold” recommendations. Analysts’ views on Salesforce have not changed much in the last two to three months.

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Salesforce’s price performance

Salesforce’s stock price movement in the last month has been negative. As of August 22, the company’s stock had fallen by ~6.5%. However, amid all the ups and downs in the last year, Salesforce’s stock value has risen ~12%. Earlier in this series, we highlighted the factors negatively impacting Salesforce’s stock and learned that OTR Global, a channel intelligence firm, has lowered its rating on Salesforce stock to “mixed” from “positive.”

Analysts’ target prices

The Wall Street consensus target price for Salesforce was $97.30 per share on August 22, 2016. The median target price was $97 on the same day. Salesforce’s closing price was $77.25 on August 22, 2016. JPMorgan Chase reiterated its “market outperform” rating on Salesforce’s stock, with a $92 price target.

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