Trending tickers: Salesforce, Trump Media, JD Sports, National Grid
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 31 2024
0mins
Should l Buy CRM?
Source: Yahoo Finance
- Salesforce Stock Decline: Salesforce stock experienced a significant one-day drop, the worst since 2004, due to fiscal first-quarter results and commentary projecting slowing sales growth.
- Trump Media & Technology Group: Shares of Trump Media fell after Donald Trump was found guilty on all counts of falsifying business records, impacting the parent company of Truth Social.
- JD Sports Performance: JD Sports saw a decline in adjusted profit, missing expectations, with profit before tax falling 8% and sales matching broker forecasts.
- National Grid's Share Gain: National Grid's shares surged over 23% following a heavily discounted rights issue to finance a £60bn investment program over the next five years.
- Investment Outlook for National Grid: The fundraise aims to expand National Grid's asset base by 10% annually until 2029 and increase earnings by 6-8% from 2025, with analysts suggesting the selloff was too harsh.
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Analyst Views on CRM
Wall Street analysts forecast CRM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRM is 326.95 USD with a low forecast of 223.00 USD and a high forecast of 405.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
42 Analyst Rating
31 Buy
10 Hold
1 Sell
Moderate Buy
Current: 191.350
Low
223.00
Averages
326.95
High
405.00
Current: 191.350
Low
223.00
Averages
326.95
High
405.00
About CRM
Salesforce, Inc. is a provider of customer relationship management (CRM) technology. The Company helps organizations of any size reimagine their business for the world of artificial intelligence (AI). With Agentforce, its platform, organizations can bring humans together with AI agents to drive customer success on one deeply unified platform. With the Salesforce platform, it delivers a single source of truth, connecting customer data with integrated AI across systems, apps and devices to help companies sell, service, market and conduct commerce from anywhere. Agentforce is a new layer of the Salesforce platform that enables companies to build and deploy AI agents that can respond to inputs, make decisions and take action autonomously across business functions. Agentforce includes a suite of customizable agents for use across sales, service, marketing and commerce. Datablazer is a data-driven innovator, which leverages the Company’s platform to unlock insights and drive decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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