Wall Street analysts’ views on Salesforce stock
In this series, we discussed factors that would help Salesforce (CRM) to reach its ambitious target of $20 billion revenue. We also examined Salesforce’s position in the software space, as compared to Microsoft (MSFT), Oracle (ORCL), IBM (IBM), and SAP (SAP). Now 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.
Salesforce’s stock price performance
Salesforce’s stock price movement in the last month has been positive. As of January 17, the company’s stock had risen ~6.9%. Amid all the ups and downs in 2016, Salesforce’s stock value has only risen ~2.7%.
Notably, the Wall Street analyst consensus target price for Salesforce was $94.45 per share on January 17, 2017. The median target price was $95 on the same day. Salesforce’s closing price was $75.21 on January 17, 2017. UBS has reiterated its “buy” rating on Salesforce’s stock.