Salesforce Inc. shares New York Stock Exchange: CRM were outstanding performer this year as they continue to build on the 180% growth that began at the end of 2022. Two years later this tech giant looks stronger than ever. Up 70% just since May and already setting all-time highs this month, Salesforce has established itself as one of the fastest-growing companies in the market.
Salesforce today
(As of 12/17/2024 ET)
- 52 week range
- $212.00
▼
$369.00
- Dividend yield
- 0.46%
- P/E ratio
- 57.73
- Target price
- $377.24
Salesforce’s core mission is managing relationships with corporate customers. (CRM) software. This stock has been very popular among investors and analysts for some time now. the same viewing it as a major player in the future of AI-powered business tools.
However, even with these big gains, there are a few reasons why investors should still be concerned about Salesforce’s potential in the coming months. Let’s jump in and take a closer look.
Salesforce’s strong fundamentals drive growth
To begin withthere are strong fundamental indicators of the company. A small miss out on earnings early December may seem like a disadvantage, but it’s minor when you look at the big picture. For the most part, Salesforce beat expectations with its earnings reports to start the year, consistently beating estimates quarter after quarter.
Even in this month’s report, revenue hit an all-time high, and EPS growth overall remains impressive. There were other positives in the form of a 30% jump in operating cash flow compared to last year.Bye the company returned $1.2 billion to shareholders through the merger share repurchase and dividend payments.
Considering how well the company’s fundamentals are moving in the right direction, it’s no surprise that Salesforce stock is rising.
Why Analysts Are Bullish on Salesforce Stock
It’s also worth noting that numerous bullish analyst forecasts suggest that Salesforce still has plenty of room to grow. Just this week, the KeyCorp team showed an upbeat outlook by upgrading its rating from Sector Weight to Overweight. Cause? They believe Salesforce’s artificial intelligence offering, Agentforce, sets a new standard in enterprise management software.
Salesforce stock forecast today
$377.24
Growth potential 7.48%Moderate purchase
Based on 41 analyst ratings
| High forecast | $450.00 |
|---|---|
| Average forecast | $377.24 |
| Low forecast | $236.00 |
Salesforce Inventory Forecast Details
The energy around Agentforce has resonated works closely with clients, partners and investors. The KeyCorp team described it as next evolution of AI and a step up from the co-pilot AI models seen in recent years. While it’s still in the early stages, KeyCorp sees this “agency wave” creating a buzz that could drive stock prices higher. Fine to significant income implemented in 2025.
This bullish forecast is consistent with previous forecasts from Jefferies, JPMorgan Chase and RBC. everyone who was singled out Salesforce’s growth runway and AI capabilities. Keycorp target price US$440 will especially attractivegiven that this indicates upside potential of nearly 25% from the stock’s closing level on Monday.
Balance between caution and bullish market signals
Certainly, not all I completely agree with the bullish forecast. Macquarie entered coverage last week with a neutral rating, joining Loop Capital and Citi earlier this month in taking a more cautious stance. After two years of almost continuous rallying, they are waiting to see if Salesforce’s potential can materialize more fully before they jump on board. These concerns underscore the need for Salesforce to deliver consistent results. right from the beginning of 2025.
When we heard in the last couple of weeks of the year, howeverthere isThere are many more reasons to be bullish than bearish. Sales forFor example, CE’s technical capabilities are another reason for investor optimism. One of the most significant indicators Here is the relative strength index (RSI), a momentum indicator that measures whether stocks are overbought or oversold. At the current value of 62, the Salesforce RSI is signaling bullish momentum without more be in overbought territory. In other words, there are still plenty of opportunities to work.
Combine this technical setup with the company’s strong fundamentals, bullish analyst forecasts and broader market tailwindssuch as the S&P 500 hitting new highs and the Fed cutting rates.and Salesforce offers exactly the kind of massive reward potential that investors crave.
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