Analyst Updates Bolster Salesforce Stock (CRM) Post Q3
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William White](/news/author/william-white)
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Salesforce stock rallied on Thursday alongside updated analyst coverage following the company’s latest earnings report.
!Analyst Updates Bolster Salesforce Stock (CRM) Post Q3
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
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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?
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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.
See more CRM stock analyst ratings
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