Based on the provided data and current market status (Sunday, market closed), here's the analysis for CRM's price movement for the next trading week:
Technical Analysis
The stock closed at $324.56 on January 17, 2025, with RSI at 44.06, indicating a neutral position but slightly leaning towards oversold territory. The 20-day SMA is at $331.34, while the 200-day SMA stands at $282.84, suggesting a strong long-term uptrend despite recent consolidation.
News Sentiment & Fundamental Catalysts
TD Cowen upgraded CRM from Hold to Buy on January 17, 2025, with analysts projecting a median price target of $409.22, suggesting a 26.18% upside potential from current levels.
Institutional ownership has increased by 1.14% over the last three months, indicating growing institutional confidence.
Salesforce is making significant strides in AI implementation:
Price Prediction for Next Week
Based on Fibonacci levels:
Trading Recommendation BUY with the following strategy:
Rationale:
The stock shows strong potential for upward movement in the coming week, supported by both technical and fundamental factors. The recent upgrade from TD Cowen and continued institutional buying provide additional confidence for a bullish outlook.
The price of CRM is predicted to go up 9%, based on the high correlation periods with WILC. The similarity of these two price pattern on the periods is 98.24%.
CRM
WILC
Year
CRM Price Forecast($)
Potential Return(%)
2025
335.670
0.830
2026
450.000
35.180
2027
450.000
35.180
2028
500.000
50.200
2029
450.000
36.140
2030
550.000
66.400
Salesforce dominates salesforce automation but still only controls 30% in a highly fragmented market that continues to grow double digits each year, suggesting there is still room to run.
The company has added legs to the overall growth story, including customer service, marketing automation, e-commerce, analytics, and artificial intelligence.
Management is likely going to focus on expanding margins after years of subscale profitability.
TD Cowen
Price Target
$380 → $400
Upside
+23.24%
Guggenheim
Price Target
$247
Upside
-25.27%
Macquarie
Price Target
$370
Upside
+9.72%