Fintel reports that on January 17, 2025, TD Cowen upgraded their outlook for Salesforce (NYSE:CRM) from Hold to Buy.
Analyst Price Forecast Suggests 26.18% Upside
As of December 23, 2024, the average one-year price target for Salesforce is $409.22/share. The forecasts range from a low of $288.86 to a high of $472.50. The average price target represents an increase of 26.18% from its latest reported closing price of $324.33 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Salesforce is 39,471MM, an increase of 6.14%. The projected annual non-GAAP EPS is 6.85.
What is the Fund Sentiment?
There are 4,209 funds or institutions reporting positions in Salesforce. This is an increase of 41 owner(s) or 0.98% in the last quarter. Average portfolio weight of all funds dedicated to CRM is -6.44%, an increase of 1,070.44%. Total shares owned by institutions increased in the last three months by 1.14% to 904,837K shares. 
The put/call ratio of CRM is 0.92, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 29,179K shares representing 3.05% ownership of the company. In its prior filing, the firm reported owning 29,078K shares , representing an increase of 0.34%. The firm increased its portfolio allocation in CRM by 0.34% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 25,379K shares representing 2.65% ownership of the company. In its prior filing, the firm reported owning 24,928K shares , representing an increase of 1.78%. The firm decreased its portfolio allocation in CRM by 0.25% over the last quarter.
Capital Research Global Investors holds 24,350K shares representing 2.54% ownership of the company. In its prior filing, the firm reported owning 24,160K shares , representing an increase of 0.78%. The firm increased its portfolio allocation in CRM by 1.63% over the last quarter.
Geode Capital Management holds 19,780K shares representing 2.07% ownership of the company. In its prior filing, the firm reported owning 19,523K shares , representing an increase of 1.30%. The firm decreased its portfolio allocation in CRM by 0.56% over the last quarter.
Capital International Investors holds 18,957K shares representing 1.98% ownership of the company. In its prior filing, the firm reported owning 18,277K shares , representing an increase of 3.59%. The firm increased its portfolio allocation in CRM by 2.97% over the last quarter.
Salesforce Background Information
(This description is provided by the company.)
Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360° view of their customers.
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