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This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
25 analysts have shared their evaluations of Salesforce (NYSE:CRM) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 9 | 10 | 6 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 8 | 7 | 6 | 0 | 0 |
| 3M Ago | 0 | 2 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $330.72, a high estimate of $360.00, and a low estimate of $285.00. This current average reflects an increase of 10.52% from the previous average price target of $299.23.
Investigating Analyst Ratings: An Elaborate Study
The standing of Salesforce among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Rishi Jaluria | RBC Capital | Raises | Outperform | $350.00 | $325.00 |
| Parker Lane | Stifel | Maintains | Buy | $350.00 | - |
| Tyler Radke | Citigroup | Raises | Neutral | $339.00 | $325.00 |
| David Hynes | Canaccord Genuity | Maintains | Buy | $350.00 | $350.00 |
| Joseph Bonner | Argus Research | Raises | Buy | $354.00 | $290.00 |
| Patrick Walravens | JMP Securities | Raises | Market Outperform | $342.00 | $293.00 |
| Kirk Materne | Evercore ISI Group | Raises | Outperform | $330.00 | $290.00 |
| Rishi Jaluria | RBC Capital | Raises | Outperform | $325.00 | $285.00 |
| Mark Murphy | JP Morgan | Raises | Overweight | $310.00 | $260.00 |
| Brad Sills | B of A Securities | Raises | Buy | $360.00 | $350.00 |
| Gregg Moskowitz | Mizuho | Raises | Buy | $345.00 | $325.00 |
| David Hynes | Canaccord Genuity | Raises | Buy | $350.00 | $290.00 |
| Terry Tillman | Truist Securities | Raises | Buy | $360.00 | $275.00 |
| Keith Bachman | BMO Capital | Raises | Outperform | $335.00 | $325.00 |
| Scott Berg | Needham | Raises | Buy | $345.00 | $275.00 |
| Rob Oliver | Baird | Raises | Outperform | $355.00 | $310.00 |
| Brent Bracelin | Piper Sandler | Raises | Neutral | $300.00 | $285.00 |
| Brent Bracelin | Piper Sandler | Maintains | Neutral | $285.00 | - |
| Tyler Radke | Citigroup | Raises | Neutral | $325.00 | $265.00 |
| Michael Turrin | Wells Fargo | Raises | Equal-Weight | $290.00 | $280.00 |
| Parker Lane | Stifel | Raises | Buy | $330.00 | $300.00 |
| Karl Keirstead | UBS | Raises | Neutral | $310.00 | $285.00 |
| Brian Schwartz | Oppenheimer | Raises | Outperform | $325.00 | $300.00 |
| Rob Oliver | Baird | Raises | Outperform | $310.00 | $300.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $293.00 | - |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Salesforce. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Salesforce compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Salesforce's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Salesforce's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Salesforce analyst ratings.
Get to Know Salesforce Better
Salesforce Inc provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
Salesforce: A Financial Overview
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Salesforce's revenue growth over a period of 3 months has been noteworthy. As of 31 January, 2024, the company achieved a revenue growth rate of approximately 10.77%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 15.57%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Salesforce's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.46%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Salesforce's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.52%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Salesforce's debt-to-equity ratio is below the industry average. With a ratio of 0.21, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Core of Analyst Ratings: What Every Investor Should Know
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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