Salesforce (NYSE:CRM – Get Free Report)’s stock had its “equal weight” rating reaffirmed by investment analysts at Stephens in a report released on Friday, Benzinga reports. They currently have a $289.00 target price on the CRM provider’s stock. Stephens’ price target indicates a potential upside of 18.76% from the company’s previous close.
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Several other research firms also recently commented on CRM. The Goldman Sachs Group reiterated a “buy” rating on shares of Salesforce in a report on Thursday, August 27th. Scotiabank lowered Salesforce from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, June 18th. Oppenheimer reiterated an “outperform” rating on shares of Salesforce in a research note on Thursday. TD Cowen restated a “buy” rating on shares of Salesforce in a research report on Thursday. Finally, 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 research report on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $275.14.
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Salesforce Price Performance
Shares of CRM opened at $243.35 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. The company’s fifty day simple moving average is $207.43 and its 200 day simple moving average is $188.91. Salesforce has a 1-year low of $146.32 and a 1-year high of $269.11. The company has a market cap of $200.28 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.14 and a beta of 1.20.
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