Salesforce (NYSE:CRM – Get Free Report) had its price objective upped by analysts at Wells Fargo & Company from $230.00 to $250.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the CRM provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 2.73% from the company’s previous close.
- AI Panic Hit Tech Stocks—But NVIDIA’s Growth Engine Is Intact
CRM has been the subject of several other research reports. HC Wainwright lowered shares of Salesforce to a “negative” rating in a report on Thursday, June 18th. Phillip Securities downgraded shares of Salesforce from a “buy” rating to a “hold” rating and decreased their price objective for the company from $253.00 to $166.00 in a report on Monday, June 29th. Weiss Ratings upgraded shares of Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Canaccord Genuity Group boosted their target price on shares of Salesforce from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price target on shares of Salesforce from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $274.80.
View Our Latest Analysis on CRM
Salesforce Price Performance
Shares of Salesforce stock opened at $243.35 on Friday. The firm has a market cap of $200.28 billion, a PE ratio of 22.18, a P/E/G ratio of 1.14 and a beta of 1.20. Salesforce has a twelve month low of $146.32 and a twelve month high of $269.11. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The business has a 50-day moving average price of $207.43 and a 200 day moving average price of $188.91.
Ad Wall Street Logic
Is This the New Normal for Gold?
Barrick Mining has spent decades building one of the world’s great gold districts in Nevada, anchored by Fourmile, Goldrush, and Cortez Hills, a region that could hold as much as 60 million ounces of gold.nnBordering Fourmile and less than a mile from Goldrush sits a little-known explorer now moving from historical data toward active exploration, setting targets and preparing for a maiden drilling program.nnWith gold trading near record highs, this could be a pivotal stage for an overlooked name in the district.
See why this overlooked gold explorer could be entering its most important stage
