Salesforce (NYSE:CRM – Get Free Report)’s stock had its “overweight” rating reiterated by research analysts at Cantor Fitzgerald in a note issued to investors on Thursday, Benzinga reports. They presently have a $300.00 price objective on the CRM provider’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 19.70% from the stock’s current price.
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Several other equities research analysts have also recently weighed in on CRM. Citigroup reaffirmed a “neutral” rating on shares of Salesforce in a research report on Thursday. Macquarie Infrastructure cut their price target on shares of Salesforce from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, May 28th. Needham & Company LLC reiterated a “buy” rating on shares of Salesforce in a research report on Thursday. Scotiabank downgraded shares of Salesforce from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, June 18th. Finally, HSBC upped their target price on Salesforce from $350.00 to $356.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Three <a href="https://bitcomme.com/is-air-products-new-250-million-arizona-semiconductor-deal-altering-the-investment-case-for-apd/” title=”Is Air Products’ New $250 Million Arizona Semiconductor Deal Altering The Investment Case For APD?”>investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $269.38.
Check Out Our Latest Report on Salesforce
Salesforce Trading Down 2.0%
Shares of NYSE:CRM opened at $250.64 on Thursday. The business’s 50 day simple moving average is $205.81 and its 200 day simple moving average is $188.56. Salesforce has a 1 year low of $146.32 and a 1 year high of $269.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $206.27 billion, a P/E ratio of 22.85, a P/E/G ratio of 1.17 and a beta of 1.20.
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