Salesforce Stock: Analyst Predictions and Earnings Guidance
Average Target Price of $292.13
Analysts have a positive outlook on Salesforce stock, with an average 12-month price target of $292.13. This represents a potential upside of 18.99% from the current share price.
Upward Trend and Analyst Consensus
Salesforce has experienced a significant gain of 74% year-to-date (YTD), outperforming the S&P 500's rise of 19% over the same period. Wall Street analysts predict that this upward trend will continue, with an estimated share price target of $335.44 by May 24, 2025.
Earnings Guidance and Investor Sentiment
In recent news, Salesforce has provided earnings guidance for the fourth quarter and full year of 2024. This announcement has further boosted investor optimism, as the company's revenue forecast exceeds analysts' expectations.
Key Takeaways
Based on the data and analysis, here are some key takeaways for investors:
- Analysts are bullish on Salesforce stock, with an average price target of $292.13.
- The company's YTD performance has been strong, outperforming the broader market.
- Wall Street analysts predict further share price appreciation in the coming year.
- Salesforce's recent earnings guidance has boosted investor sentiment.
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