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Ebube Jones

Here's How High Salesforce Stock Might Climb in 2024

Salesforce CRM Goldman Sachs

The tech sector has been leading the market higher in 2023, with artificial intelligence (AI)-related companies experiencing transformative growth. Against this backdrop, enterprise software giant Salesforce (CRM) has been dominating its peers on the Dow Jones Industrial Average ($DOWI) all year long. Up nearly 89% since the start of January, Salesforce isn't just a standout among Dow members - it's also easily outpacing the powerhouse Nasdaq-100 Index ($IUXX), which has gained 44%.

The company's recent fiscal third-quarter earnings report, which topped analysts' estimates, further fueled the stock's rally. But as we head into 2024, how much higher can CRM rise? Let's take a look - featuring the Street-high forecast from none other than Goldman Sachs.

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