Salesforce (NYSE:CRM – Get Free Report) had its price target raised by equities research analysts at Freedom Broker from $230.00 to $295.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the CRM provider’s stock. Freedom Broker’s target price suggests a potential upside of 21.22% from the stock’s current price.
- AI Panic Hit Tech Stocks—But NVIDIA’s Growth Engine Is Intact
CRM has been the subject of several other research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of Salesforce in a report on Thursday, August 27th. Piper Sandler lowered Salesforce from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 28th. Oppenheimer reiterated an “outperform” rating on shares of Salesforce in a report on Thursday. HSBC boosted their price objective on shares of Salesforce from $350.00 to $356.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Salesforce in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and an average price target of $274.32.
View Our Latest Stock Analysis on CRM
Salesforce Price Performance
Shares of Salesforce stock traded down $7.18 during trading on Thursday, hitting $243.35. 14,908,193 shares of the stock traded hands, compared to its average volume of 13,982,976. 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 stock has a market cap of $200.28 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.17 and a beta of 1.20. The firm’s fifty day moving average is $205.81 and its 200-day moving average is $188.56. Salesforce has a 52 week low of $146.32 and a 52 week high of $269.11.
Ad Altimetry
Small Colorado Company (Backed by Sam Altman) Could Save U.S. Power Grid
A small Colorado company has secured rights to technology that could prevent the U.S. public power grid from collapsing — and billionaire Sam Altman is now an investor.nnThis under-the-radar firm is drawing serious attention from those watching the energy infrastructure space closely.
Click here to learn this company’s name for free today
