Salesforce (NYSE:CRM – Get Free Report)’s stock had its “market outperform” rating reiterated by equities research analysts at Citizens Jmp in a report released on Tuesday,Benzinga reports. They currently have a $315.00 target price on the CRM provider’s stock. Citizens Jmp’s price objective indicates a potential upside of 50.58% from the stock’s previous close.
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Several other research firms have also recently issued reports on CRM. HSBC upped their target price on shares of Salesforce from $350.00 to $356.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Raymond James Financial restated a “strong-buy” rating on shares of Salesforce in a report on Tuesday, July 21st. Phillip Securities downgraded shares of Salesforce from a “buy” rating to a “hold” rating and cut their target price for the stock from $253.00 to $166.00 in a research report on Monday, June 29th. Royal Bank Of Canada lowered shares of Salesforce from a “sector perform” rating to a “sector perform” rating in a research note on Wednesday, July 1st. Finally, TD Cowen reissued a “buy” rating on shares of Salesforce in a report on Friday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $248.72.
Read Our Latest Research Report on Salesforce
Salesforce Stock Up 0.0%
Salesforce stock opened at $209.19 on Tuesday. The firm has a market cap of $171.32 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 1.13 and a beta of 1.16. The stock has a fifty day simple moving average of $175.23 and a two-hundred day simple moving average of $181.44. Salesforce has a 12 month low of $146.32 and a 12 month high of $269.11. 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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