Salesforce (NYSE:CRM – Get Free Report) had its target price hoisted by research analysts at Cantor Fitzgerald from $250.00 to $300.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the CRM provider’s stock. Cantor Fitzgerald’s target price would suggest a potential upside of 16.28% from the company’s current price.
- Salesforce Looks Overbought, But the Rally May Be Far From Over
CRM has been the topic of a number of other reports. Royal Bank Of Canada lifted their price target on Salesforce from $210.00 to $250.00 and gave the company a “sector perform” rating in a report on Thursday, August 27th. CLSA started coverage on Salesforce in a research report on Monday, July 20th. They set a “hold” rating and a $165.00 price objective on the stock. Scotiabank lowered Salesforce from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, June 18th. HC Wainwright lowered shares of Salesforce to a “negative” rating in a research report on Thursday, June 18th. Finally, Wedbush started coverage on shares of Salesforce in a report on Wednesday, July 1st. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and a consensus target price of $266.50.
Check Out Our Latest Stock Analysis on CRM
Salesforce Price Performance
- The SaaSpocalypse Trade Is Cracking, and These 5 Stocks Are Leading Higher
Shares of CRM opened at $258.00 on Wednesday. The company has a 50 day moving average price of $185.49 and a 200-day moving average price of $183.44. Salesforce has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The stock has a market capitalization of $212.33 billion, a PE ratio of 23.52, a PEG 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.
Ad Paradigm Press
Bezos… DOOMED
A single FCC filing hints Elon Musk is planning his biggest project yet – bigger than Tesla, SpaceX, and X combined – aimed at the $25 trillion AI industry.nnJames Altucher says the plan could cut <a href="https://bitcomme.com/levanta-raises-22m-to-expand-beyond-amazon/” title=”Levanta Raises $22M to Expand Beyond Amazon”>Amazon out of the AI race and disrupt Blue Origin, with a key deadline landing September 25.
Watch James Altucher’s free video breakdown before the September 25 deadline.
