CRM Reiterated by Truist Securities — Price Target Raised to $300
GuruFocus News
08/27/2026 08:38
Salesforce CRM Receives Positive Analyst Update from Truist Securities
On October 25, 2023, Truist Securities maintained a ‘Buy’ rating for Salesforce (CRM) and raised its price target from $280.00 to $300.00, reflecting a 7.14% increase.
- GF Value™ verdict: Salesforce is currently trading at $205.62, which is 38.4% undervalued compared to its GF Value™ of $333.76.
- GF Score™: 86/100, indicating strong overall performance.
- Key financial signal: 21 gurus currently hold CRM, with 9 adding to their positions in recent quarters.
What’s Behind the Analyst Rating?
The recent rating update from Truist Securities is significant as it underscores the firm’s confidence in Salesforce’s growth potential. Analyst Terry Tillman reiterated a ‘Buy’ rating, suggesting that the firm believes Salesforce’s stock is poised for further appreciation. The raised price target reflects a positive outlook on the company’s ability to generate revenue and profit in the competitive technology sector.
Salesforce Inc, a leader in enterprise cloud computing solutions, specializes in customer relationship management CRM technology. The company has a market capitalization of approximately $168.4 billion and operates within the technology sector, specifically in the software industry. Salesforce’s Customer 360 platform connects customer data across various systems, enhancing the ability of businesses to serve and engage with their customers effectively.
Is CRM Overvalued or Undervalued?
According to GuruFocus, Salesforce’s GF Value™ is calculated at $333.76, indicating that the stock is currently undervalued by 38.4% as it trades at $205.62. This significant margin of safety suggests that investors may have an opportunity to acquire shares at a discount compared to their intrinsic value. The current price also reflects a P/E (TTM) of 23.8x, which is substantially lower than its 5-year median P/E of 71.71x, further supporting the notion that CRM is undervalued. For more details, visit the GF Value™ page.
What Does CRM’s GF Score™ Tell Us?
The GF Score™ is a proprietary measure that evaluates a company’s financial strength, profitability, growth potential, valuation, and momentum. Salesforce’s GF Score™ of 86/100 indicates strong performance, with notable strengths in profitability and growth, ranking 9/10 and 10/10 respectively. However, its valuation and momentum ranks are lower, at 4/10.
| Metric | Rating |
|---|---|
| GF Score™ | 86 |
| Financial Strength | 5/10 |
| Profitability | 9/10 |
| Growth | 10/10 |
| Valuation | 4/10 |
| Momentum | 4/10 |
Salesforce’s strengths in profitability and growth indicate a robust operational performance, while the lower valuation and momentum scores suggest that the stock may not be experiencing the same level of investor enthusiasm as its fundamentals would imply. For further insights, check the CRM stock page.
What Are Gurus and Insiders Doing with CRM?
Currently, 21 gurus hold positions in Salesforce CRM, with 9 adding to their stakes in recent quarters, while 11 have trimmed their holdings. This activity reflects a mixed sentiment among institutional investors, but the net addition of positions by several gurus suggests a positive outlook on the stock. Notably, there has been no insider buying or selling activity reported in the last three months, indicating stability in insider sentiment.
What This Means for Investors
Given Salesforce’s significant undervaluation as indicated by its GF Value™ and strong GF Score™, the stock presents an intriguing opportunity for investors looking for growth in the technology sector. The positive analyst ratings and the backing of institutional investors further bolster the case for considering CRM as a potential addition to an investment portfolio. For more detailed analysis, visit the CRM stock page.
Frequently Asked Questions
What is CRM’s GF Score™?
CRM’s GF Score™ is 86/100, indicating strong overall performance based on various financial metrics.
CRM is currently undervalued by 38.4%, with a GF Value™ of $333.76 compared to its current price of $205.62.
What do analysts recommend for CRM?
Analysts, including Truist Securities, maintain a ‘Buy’ rating for CRM, with price targets reflecting positive growth expectations.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures
I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
