Salesforce (NYSE:CRM – Get Free Report)’s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity Group in a report released on Tuesday,Benzinga reports. They presently have a $225.00 price objective on the CRM provider’s stock. Canaccord Genuity Group’s price target would indicate a potential upside of 7.56% from the company’s previous close.
- The Pre-IPO Playbook: How to Cash in on Anthropic Before the Bell
A number of other equities analysts have also issued reports on the stock. Scotiabank lowered shares of Salesforce from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, June 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price target on shares of Salesforce in a research note on Thursday, August 20th. Roth Capital reissued a “buy” rating and set a $325.00 price objective on shares of Salesforce in a research report on Thursday, May 28th. BMO Capital Markets lifted their price objective on shares of Salesforce from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, KeyCorp cut shares of Salesforce from an “overweight” rating to a “sector weight” rating in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Salesforce presently has an average rating of “Moderate Buy” and a consensus target price of $248.72.
View Our Latest Stock Analysis on CRM
Salesforce Stock Up 0.0%
Salesforce stock opened at $209.19 on Tuesday. The company has a market capitalization of $171.32 billion, a P/E ratio of 24.21, a PEG ratio of 1.13 and a beta of 1.16. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. Salesforce has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The stock has a 50-day simple moving average of $175.23 and a 200-day simple moving average of $181.44.
Ad Altimetry
Small Colorado Company (Backed by Sam Altman) Could Save U.S. Power Grid
A small Colorado company has secured rights to technology that could prevent the U.S. public power grid from collapsing — and billionaire Sam Altman is now an investor.nnThis under-the-radar firm is drawing serious attention from those watching the energy infrastructure space closely.
Click here to learn this company’s name for free today
