Salesforce (NYSE:CRM – Get Free Report) had its price objective boosted by Citigroup from $204.00 to $233.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the CRM provider’s stock. Citigroup’s price objective suggests a potential downside of 8.15% from the stock’s previous close.
A number of other analysts have also recently issued reports on the company. Truist Financial reaffirmed a “buy” rating and issued a $300.00 price objective (up from $280.00) on shares of Salesforce in a research report on Thursday. Guggenheim reaffirmed a “buy” rating and set a $228.00 price target on shares of Salesforce in a report on Thursday. Susquehanna assumed coverage on shares of Salesforce in a research report on Wednesday, July 1st. They set a “neutral” rating for the company. Monness Crespi & Hardt upped their price objective on shares of Salesforce from $222.00 to $266.00 and gave the company a “buy” rating in a report on Thursday. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $225.00 price objective on shares of Salesforce in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $261.15.
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Salesforce Stock Performance
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Shares of CRM traded up $48.06 during midday trading on Thursday, reaching $253.68. The stock had a trading volume of 48,093,204 shares, compared to its average volume of 13,853,799. The firm has a 50 day simple moving average of $177.13 and a 200-day simple moving average of $181.60. Salesforce has a one year low of $146.32 and a one year high of $269.11. The firm has a market cap of $207.76 billion, a PE ratio of 29.41, a P/E/G ratio of 1.11 and a beta of 1.16. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15.
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