Salesforce (NYSE:CRM – Get Free Report)’s stock had its “market outperform” rating reiterated by equities research analysts at Citizens Jmp in a report released on Friday, Benzinga reports. They presently have a $315.00 target price on the CRM provider’s stock. Citizens Jmp’s target price points to a potential upside of 29.44% from the company’s current price.
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Other research analysts also recently issued research reports about the stock. Wells Fargo & Company lifted their price target on shares of Salesforce from $230.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Friday. Weiss Ratings upgraded shares of Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Roth Capital reaffirmed a “buy” rating and set a $325.00 price objective on shares of Salesforce in a research report on Thursday, May 28th. Phillip Securities downgraded shares of Salesforce from a “buy” rating to a “hold” rating and lowered their target price for the stock from $253.00 to $166.00 in a research note on Monday, June 29th. Finally, Guggenheim raised their price target on Salesforce from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $275.14.
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Salesforce Price Performance
Shares of CRM opened at $243.35 on Friday. The company has a market cap of $200.28 billion, a P/E ratio of 22.18, a PEG ratio of 1.14 and a beta of 1.20. Salesforce has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The firm’s 50 day moving average price is $207.43 and its 200 day moving average price is $188.91.
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