Salesforce (NYSE:CRM – Get Free Report) had its price target increased by research analysts at JPMorgan Chase & Co. from $250.00 to $265.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the CRM provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 5.15% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salesforce in a report on Thursday. B. Riley Financial increased their target price on Salesforce from $205.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Susquehanna began coverage on Salesforce in a report on Wednesday, July 1st. They set a “neutral” rating for the company. Roth Capital restated a “buy” rating and issued a $325.00 price target on shares of Salesforce in a research note on Thursday, May 28th. Finally, KeyCorp lowered Salesforce from an “overweight” rating to a “sector weight” rating in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $260.41.
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Salesforce Stock Performance
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Shares of NYSE:CRM traded up $46.40 on Thursday, hitting $252.02. The company had a trading volume of 44,615,127 shares, compared to its average volume of 13,829,271. The stock has a market cap of $206.40 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 1.11 and a beta of 1.16. The stock has a 50 day moving average price of $177.13 and a 200 day moving average price of $181.60. Salesforce has a 1-year low of $146.32 and a 1-year high of $269.11. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15.
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