Salesforce (NYSE:CRM – Get Free Report) had its price target lifted by equities researchers at Argus from $290.00 to $300.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the CRM provider’s stock. Argus’ price target indicates a potential upside of 16.91% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. Evercore reissued an “outperform” rating on shares of Salesforce in a research report on Thursday. DA Davidson raised their target price on shares of Salesforce from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Salesforce in a report on Thursday. HC Wainwright lowered shares of Salesforce to a “negative” rating in a research report on Thursday, June 18th. Finally, Guggenheim restated a “buy” rating and set a $228.00 price target on shares of Salesforce in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.12.
Read Our Latest Stock Analysis on Salesforce
Salesforce Trading Up 0.2%
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Shares of NYSE:CRM opened at $256.60 on Monday. The stock has a market capitalization of $211.18 billion, a PE ratio of 23.39, a P/E/G ratio of 1.12 and a beta of 1.16. Salesforce has a 1 year low of $146.32 and a 1 year high of $269.11. The firm has a fifty day moving average price of $181.24 and a 200 day moving average price of $182.47. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02.
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