Salesforce (NYSE:CRM – Get Free Report) had its price objective increased by investment analysts at Canaccord Genuity Group from $270.00 to $300.00 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the CRM provider’s stock. Canaccord Genuity Group’s target price suggests a potential upside of 19.70% from the stock’s current price.
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Several other equities research analysts have also commented on the stock. Argus upped their price target on <a href="https://bitcomme.com/sea-limited-coo-gang-ye-sells-4-2-million-in-shares/” title=”Sea Limited COO Gang Ye Sells $4.2 Million in Shares”>shares of Salesforce from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, August 31st. Evercore reiterated an “outperform” rating on shares of Salesforce in a research report on Thursday, August 27th. Cantor Fitzgerald boosted their price objective on shares of Salesforce from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. CLSA started coverage on Salesforce in a research note on Monday, July 20th. They issued a “hold” rating and a $165.00 price objective for the company. Finally, HSBC raised their target price on Salesforce from $350.00 to $356.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and an average price target of $269.38.
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Salesforce Price Performance
NYSE CRM opened at $250.64 on Thursday. The stock has a market capitalization of $206.27 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.17 and a beta of 1.20. Salesforce has a 1-year low of $146.32 and a 1-year high of $269.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. The business’s fifty day moving average price is $205.81 and its 200-day moving average price is $188.56.
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