Salesforce (NYSE:CRM – Get Free Report) had its price objective boosted by research analysts at UBS Group from $185.00 to $210.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the CRM provider’s stock. UBS Group’s target price would indicate a potential upside of 7.29% from the company’s current price.
A number of other equities analysts have also recently weighed in on the company. BMO Capital Markets cut their price target on Salesforce from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, May 28th. HC Wainwright downgraded shares of Salesforce to a “negative” rating in a research note on Thursday, June 18th. Barclays raised shares of Salesforce from an “overweight” rating to an “overweight” rating in a research note on Thursday, June 18th. Canaccord Genuity Group reiterated a “buy” rating and set a $225.00 price target on shares of Salesforce in a report on Tuesday, June 16th. Finally, Bank of America started coverage on shares of Salesforce in a research report on Monday, May 18th. They issued an “underperform” rating and a $160.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $250.28.
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Salesforce Stock Down 0.9%
CRM stock opened at $195.73 on Wednesday. The company’s 50 day simple moving average is $170.92 and its 200-day simple moving average is $182.62. The firm has a market capitalization of $160.31 billion, a PE ratio of 22.38, a P/E/G ratio of 1.07 and a beta of 1.16. Salesforce has a 12 month low of $146.32 and a 12 month high of $269.11. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79.
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