Shares of Salesforce Inc New York Stock Exchange: Customer Relationship Management It’s done Outstanding performance This year, they continue to add gains to the 180% rally that began in late 2022. Two years later, This technological giant Look stronger than ever. Salesforce sales are up 70% since May alone and have already reached record levels this month, and Salesforce has cemented itself as one of the best-growing names in the market.
Salesforce today
(As of 10:10 a.m. ET)
- 52 week range
- $212.00
▼
$369.00
- Dividend yield
- 0.46%
- P/E ratio
- 57.73
- Price target
- $377.24
Salesforce’s bread and butter is enterprise customer relationship management CRM program.. It’s been a hot stock for a while now, with investors and analysts both Its vision as a major player in the future of AI-driven business tools.
However, even with several wins under its belt, there are several reasons for investors to be excited about Salesforce’s potential in the coming months. Let’s jump in and take a closer look.
Salesforce’s strong fundamental performance drives growth
To start withThere is a strong fundamental performance of the company. A small Miss profits At the beginning of December it may be a drawback, but it’s a minor one when you think about the bigger picture. For the most part, Salesforce shattered expectations with its earnings reports earlier in the year, consistently beating expectations quarter after quarter.
Even this month’s report saw revenue reach a record high, and overall, EPS growth remains impressive. Other bright spots include a 30% increase in operating cash flow year-on-yearwhile The company returned $1.2 billion to shareholders through a merger From share repurchases and dividend payments.
Given how well its fundamental performance is trending, it’s no surprise that Salesforce stock is moving higher.
Why analysts are bullish on Salesforce stock
It’s also worth noting that several bullish analyst updates suggest there’s still plenty of room for Salesforce to rise. Just this week, KeyCorp came out swinging with an upward upgrade, boosting their rating to Overweight from Sector Weight. the reason? They see Salesforce’s AI offering, Agentforce, as setting the new standard in enterprise management software.
Salesforce stock forecast today
$377.24
7.10% upModerate purchase
Based on 41 analyst ratings
| High expectations | $450.00 |
|---|---|
| Average expectations | $377.24 |
| Low expectations | $236.00 |
Salesforce stock forecast details
The energy surrounding Agentforce is there was echoed Strong engagement with customers, partners and investors. The KeyCorp team described it as… The next evolution of artificial intelligence A leap forward from the assistive AI models seen in recent years. Although it is still in the early stages, KeyCorp sees this “dealer wave” creating buzz that could lead to share price momentum. Good Before meaningful revenue It comes true In 2025.
This bullish call is consistent with previous upgrades from Jefferies, JPMorgan Chase, and RBC. Who highlighted them all Salesforce growth runway and AI opportunities. Key Corp Target price $440 will be Particularly attractivesince it indicates a roughly 25% upside from where the stock closed on Monday.
Balance caution with bullish market signals
naturally, Not everyone is like that Totally on board with the bullish outlook. Macquarie initiated coverage last week with a neutral rating, joining the positions of Loop Capital and Citi earlier this month and taking a more cautious stance. After two years of near-constant rise, they are waiting to see if Salesforce’s capabilities hold up come true Completely Before they hop on the plane. These concerns highlight Salesforce’s need to consistently deliver its services right From the beginning of 2025.
As we healedD in the last two weeks of the yearthere is aThere are far more reasons to be bullish than bearish. Sales forFor example, ce’s technical setup is another reason for investors to be optimistic. One of the most telling indicators here It is the Relative Strength Index (RSI), which is a momentum measure that measures whether a stock is overbought or oversold. At its current reading of 62, the Salesforce RSI is indicating upward momentum with no… yet Being in the overbought zone. In other words, there’s still plenty of room to run.
Combine this technical setup with the company’s strong fundamentals, bullish analyst upgrades, and… Favorable winds for the broader marketsuch as the S&P 500 index reaching new highs and interest rate cuts by the Federal ReserveAnd Salesforce It is the offer exactly This is the kind of potentially huge rewards that investors crave.
Before you consider Salesforce, you’ll need to hear this.
MarketBeat tracks the highest-rated and best-performing research analysts on Wall Street and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches up… and Salesforce wasn’t on the list.
While Salesforce currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View the five stocks here
MarketBeat just released its list of 10 penny stocks that have been overlooked by the market and may be undervalued. Click on the link below to see which companies made the list.
