Salesforce (NYSE:CRM – Get Free Report) had its target price raised by equities researchers at Mizuho from $250.00 to $265.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the CRM provider’s stock. Mizuho’s price target would suggest a potential upside of 5.67% from the stock’s current price.
A number of other brokerages have also issued reports on CRM. Macquarie Infrastructure dropped their price objective on shares of Salesforce from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, May 28th. Piper Sandler cut shares of Salesforce from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 28th. Morgan Stanley raised their price target on shares of Salesforce from $185.00 to $235.00 and gave the company an “equal weight” rating in a research note on Thursday. B. Riley Financial lifted their price target on shares of Salesforce from $205.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Wedbush assumed coverage on Salesforce in a report on Wednesday, July 1st. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.03.
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Salesforce Price Performance
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Shares of CRM traded up $45.15 during trading hours on Thursday, reaching $250.77. The stock had a trading volume of 42,616,057 shares, compared to its average volume of 13,812,743. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. Salesforce has a 12 month low of $146.32 and a 12 month high of $269.11. The stock has a market capitalization of $205.38 billion, a PE ratio of 29.04, a PEG ratio of 1.11 and a beta of 1.16. The company’s 50-day moving average is $177.13 and its two-hundred day moving average is $181.60.
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