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How Analysts View Salesforce Stock: 91% Recommend a ‘Buy’

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Wall Street analysts’ views on Salesforce stock

Earlier in this series, we discussed how growing competition in the cloud space is likely to impact Salesforce (CRM) and its double-digit revenue growth. Microsoft (MSFT) dominates the software space. Apart from Microsoft, IBM (IBM), SAP (SAP), Oracle (ORCL), and Salesforce are the prominent players in this space. Let’s take a look at the select market-centric views on Salesforce.

Among the 44 analyst recommendations on Salesforce stock, close to 91% of these analysts made “buy” recommendations. Only one analyst made a “sell” recommendation, as we can see in the chart below. The remainder issued “hold” recommendations. Analysts’ views on Salesforce continue to be positive. Their views have not changed much in the last two or three months.

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Salesforce’s price performance

Salesforce’s stock price movement in the past month has been positive. On May 16, 2017, the company’s stock had risen ~4.5%. Amid all the ups and downs in 2016, Salesforce stock managed to generate returns greater than 18%.

Analysts’ target prices

The Wall Street consensus target price for Salesforce was $96.93 per share on May 15, 2017. The median target price was $100.00 on the same day. Salesforce’s closing price was $88.81 on May 16, 2017.

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