Salesforce (CRM) stock was on the rise Thursday as updated analyst coverage rolled in following the cloud-based software company’s most recent earnings report.
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Let’s dive into all of the latest updates for Salesforce stock, including new coverage, upgrades or downgrades, and price target changes.
- Goldman Sachs analyst Kash Rangan reiterated a Buy rating and $385 price target.
- BMO Capital analyst Keith Bachman maintained a Buy rating and $275 price target.
- TD Cowen analyst Derrick Wood kept a Buy rating and $305 price target.
- Cantor Fitzgerald analyst Matthew VanVliet stuck with a Buy rating and $325 price target.
- RBC Capital analyst Rishi Jaluria reiterated a Hold rating and $250 price target.
- UBS analyst Karl Keirstead maintained a Hold rating and $260 price target.
- Bernstein analyst Mark Moerdler kept a Sell rating but increased his price target to $223 from $221.
- Jefferies analyst Brent Thill stuck with a Buy rating and $375 price target.
- Roth MKM analyst Richard Baldry reiterated a Buy rating and raised his price target to $395 from $315.
- Morgan Stanley analyst Keith Weiss maintained a Buy rating and $405 price target.
- Evercore ISI analyst Kirk Materne kept a Buy rating but lowered his price target to $340 from $360.
- J.P. Morgan analyst Mark Murphy stuck with a Buy rating and $365 price target.
- Oppenheimer analyst Brian Schwartz reiterated a Buy rating and $300 price target.
- Barclays analyst Raimo Lenschow maintained a Buy rating and boosted his price target to $330 from $316.
- Citi analyst Tyler Radke kept a Hold rating and no price target.
- Citizens JMP analyst Patrick Walravens stuck with a Buy rating but cut his price target to $405 from $430.
- Bank of America analyst Bradley Sills reiterated a Buy rating and $305 price target.
- Mizuho Securities analyst Gregg Moskowitz maintained a Buy rating and $340 price target.
- KeyBanc analyst Jackson Ader kept a Buy rating and $400 price target.
- Robert W. Baird analyst Robert Oliver stuck with a Buy rating but decreased his price target to $315 from $325.
- Truist Financial analyst Terry Tillman reiterated a Buy rating but reduced his price target to $380 from $400.
- Piper Sandler analyst Hannah Rudoff maintained a Buy rating and $315 price target.
- William Blair analyst Arjun Bhatia kept a Buy rating with no price target.
- Needham analyst Scott Berg stuck with a Buy rating and $400 price target.
- Stifel Nicolaus analyst J. Parker Lane reiterated a Buy rating and $300 price target.
- Canaccord Genuity analyst David Hynes maintained a Buy rating and $300 price target.
- Wedbush analysts kept a Buy rating and $375 price target.
Salesforce Stock Movement Today
Salesforce stock was up 2.24% on Thursday but was still down 26.64% year-to-date. The stock has also fallen 33.94% over the past 12 months.
Is Salesforce Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Salesforce is Moderate Buy, based on 24 Buy, nine Hold, and a single Sell rating over the past three months. With that comes an average CRM stock price target of $324.20, representing a potential 34.88% upside for the shares. These ratings and price targets will likely change alongside additional analyst updates following the company’s earnings report.
