Salesforce (NYSE:CRM – Get Free Report) had its target price raised by analysts at Wells Fargo & Company from $205.00 to $230.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the CRM provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 5.56% from the stock’s previous close.
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A number of other research firms have also commented on CRM. Daiwa Securities Group cut their price objective on Salesforce from $295.00 to $280.00 and set a “buy” rating on the stock in a research note on Tuesday, June 2nd. Raymond James Financial restated a “strong-buy” rating on shares of Salesforce in a report on Tuesday, July 21st. Erste Group Bank upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft set a $315.00 price objective on shares of Salesforce in a research note on Tuesday. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Salesforce in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and an average target price of $252.92.
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