Salesforce (NYSE:CRM – Get Free Report)’s stock had its “buy” rating reaffirmed by investment analysts at BTIG Research in a research note issued on Wednesday, Benzinga reports. They presently have a $300.00 price target on the CRM provider’s stock. BTIG Research’s price target would suggest a potential upside of 16.28% from the stock’s current price.
- Salesforce Looks Overbought, But the Rally May Be Far From Over
Other equities analysts have also issued research reports about the company. CLSA started coverage on Salesforce in a research note on Monday, July 20th. They issued a “hold” rating and a $165.00 price target on the stock. Susquehanna began coverage on shares of Salesforce in a research note on Wednesday, July 1st. They set a “neutral” rating for the company. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 target price on shares of Salesforce in a report on Thursday, August 27th. Guggenheim reissued a “buy” rating and issued a $228.00 target price on shares of Salesforce in a research report on Thursday, August 27th. Finally, Phillip Securities lowered shares of Salesforce from a “buy” rating to a “hold” rating and cut their price target for the company from $253.00 to $166.00 in a report on Monday, June 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and a consensus price target of $266.50.
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Salesforce Price Performance
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Shares of NYSE:CRM opened at $258.00 on Wednesday. The company has a market capitalization of $212.33 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a fifty day moving average of $185.49 and a 200-day moving average of $183.44. Salesforce has a one year low of $146.32 and a one year high of $269.11.
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