Salesforce (NYSE:CRM – Get Free Report)’s stock had its “overweight” rating reaffirmed by equities researchers at Cantor Fitzgerald in a research note issued to investors on Thursday,Benzinga reports. They currently have a $250.00 price objective on the CRM provider’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 21.41% from the company’s current price.
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A number of other analysts have also weighed in on CRM. BTIG Research reissued a “buy” rating and issued a $255.00 price objective on shares of Salesforce in a research report on Tuesday, May 26th. Weiss Ratings raised Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Phillip Securities downgraded Salesforce from a “buy” rating to a “hold” rating and reduced their price target for the stock from $253.00 to $166.00 in a report on Monday, June 29th. Wall Street Zen lowered Salesforce from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, HSBC boosted their price objective on Salesforce from $350.00 to $356.00 and gave the company a “buy” rating in a report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.49.
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