<a href="https://bitcomme.com/jim-cramer-explained-why-salesforce-inc-nysecrms-shares-rose-ahead-of-earnings/” title=”Jim Cramer Explained Why Salesforce Inc. (NYSE:CRM)’s Shares Rose Ahead Of Earnings”>Salesforce (NYSE:CRM – Get Free Report) was upgraded by investment analysts at Wolfe Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.
Other research analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Salesforce from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Monness Crespi & Hardt upped their price objective on shares of Salesforce from $222.00 to $266.00 and gave the stock a “buy” rating in a report on Thursday. DA Davidson raised their target price on Salesforce from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday. B. Riley Financial raised their target price on Salesforce from $205.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. upped their price target on Salesforce from $250.00 to $265.00 and gave the stock an “overweight” rating in a research note on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Salesforce presently has an average rating of “Moderate Buy” and a consensus price target of $261.15.
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Salesforce Stock Performance
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Shares of CRM stock opened at $252.15 on Thursday. Salesforce has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The stock’s 50-day moving average is $179.14 and its two-hundred day moving average is $182.03. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $206.51 billion, a P/E ratio of 22.99, a PEG ratio of 1.11 and a beta of 1.16.
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