Salesforce (NYSE:CRM – Get Free Report) had its price objective lifted by investment analysts at Mizuho from $265.00 to $280.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the CRM provider’s stock. Mizuho’s target price would indicate a potential upside of 11.73% from the company’s previous close.
Several other brokerages have also recently weighed in on CRM. B. Riley Financial increased 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. Susquehanna assumed coverage on Salesforce in a research report on Wednesday, July 1st. They issued a “neutral” rating for the company. Raymond James Financial reissued a “strong-buy” rating on shares of Salesforce in a research note on Thursday, August 27th. Jefferies Financial Group raised their target price on shares of Salesforce from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Finally, Erste Group Bank raised shares of Salesforce from a “hold” rating to a “buy” rating in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $267.50.
Check Out Our Latest Stock Analysis on CRM
Salesforce Price Performance
- Salesforce <a href="https://bitcomme.com/what-the-role-looks-like-today/” title=”What the Role Looks Like Today”>Looks Overbought, But the Rally May Be Far From Over
NYSE CRM traded down $5.04 on Wednesday, reaching $250.60. 3,524,762 shares of the company’s stock traded hands, compared to its average volume of 13,965,092. The stock has a market cap of $206.25 billion, a PE ratio of 22.87, a P/E/G ratio of 1.18 and a beta of 1.20. Salesforce has a 12 month low of $146.32 and a 12 month high of $269.11. The stock has a 50-day simple moving average of $204.13 and a 200 day simple moving average of $188.20. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84.
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