Salesforce To Rally Around 20%? Here Are 10 Top Analyst Forecasts For Thursday
Key takeaways
- Analyst sentiment is mixed, with notable upgrades for CRM, OKTA and CRWD but downgrades for LYFT, ON and FLNC, setting the stage for potential volatility ahead of earnings.
- CRM target up 11% to $300
- OKTA target up 17% to $219
- CRWD target up 11% to $132
What happened
Wall Street analysts have shifted their price targets and ratings on several high‑profile stocks ahead of Thursday’s earnings, with upgrades for Salesforce (CRM), Okta (OKTA), Ciena, Crowdstrike and AppFolio, and downgrades for Lyft (LYFT), Amneal, J B Hunt, Fluence and ON Semiconductor (ON).
Why it matters
These revisions signal changing expectations for revenue growth, margin expansion and competitive positioning, which can influence short‑term price swings as traders react to the new targets and ratings. The mix of upgrades and downgrades also reflects broader sector sentiment, from cloud security to industrial…
Short-term and longer-term
Short-term. Short‑term traders should watch for price reactions to the new targets, especially for CRM and OKTA where the upside is sizable.
Longer-term. Over the next few months, investors should assess whether the upgraded targets for CRM, OKTA, and CRWD are supported by solid earnings growth and margin expansion, versus the risks highlighted by the downgrades on…