CRM Stock Price Forecast for 2024

Market Consensus and Growth Projections

According to our analysis, the average price target for CRM stock in 2024 is projected to be $28428. However, some analysts have forecasted a high target price of $400.
. Wall Street analysts remain bullish on Salesforce, with a consensus recommendation to buy the stock. The average 12-month price target set by analysts is $32 Sep 07.

Recent Price Movements

As of May 30, 2024, 2:02 PM EDT, CRM stock was trading at $22865, representing a decrease of $4297 (-15.82%) since the previous close. The stock price has experienced significant volatility in recent months, with both gains and losses being observed.

Factors Influencing CRM's Stock Price

The performance of CRM stock in 2024 will be influenced by a range of factors, including:
. - Economic conditions
- Salesforce's financial performance and product innovations
- Competition from other cloud computing and CRM providers
- Market sentiment towards the technology sector

Conclusion

Based on the available information, CRM stock is expected to perform well in 2024, with analysts maintaining a positive outlook. However, it's important to note that the stock market is inherently volatile, and investors should conduct their own research before making any investment decisions.