Salesforce (NYSE:CRM – Get Free Report) had its price target hoisted by equities research analysts at Wells Fargo & Company from $200.00 to $205.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the CRM provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 3.88% from the stock’s previous close.
Several other research firms have also recently weighed in on CRM. Daiwa Securities Group cut their price target on shares of Salesforce from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 2nd. Wedbush initiated coverage on shares of Salesforce in a report on Wednesday, July 1st. They set an “outperform” rating on the stock. Barclays raised shares of Salesforce from an “overweight” rating to an “overweight” rating in a research report on Thursday, June 18th. Bank of America initiated coverage on shares of Salesforce in a research note on Monday, May 18th. They issued an “underperform” rating and a $160.00 price target for the company. Finally, Phillip Securities lowered shares of Salesforce from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $253.00 to $166.00 in a research note on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.64.
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Salesforce Stock Down 0.1%
NYSE CRM opened at $197.35 on Wednesday. Salesforce has a 1 year low of $146.32 and a 1 year high of $269.11. The stock has a market capitalization of $161.63 billion, a PE ratio of 22.84, a PEG ratio of 1.07 and a beta of 1.16. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. The business’s 50-day moving average is $170.92 and its 200 day moving average is $182.62.
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