Salesforce (NYSE:CRM – Get Free Report) had its target price upped by research analysts at Monness Crespi & Hardt from $200.00 to $222.00 in a research note issued on Thursday. The brokerage currently has a “buy” rating on the CRM provider’s stock. Monness Crespi & Hardt’s price target would indicate a potential upside of 14.91% from the stock’s previous close.
A number of other research firms have also recently commented on CRM. Bank of America began coverage on Salesforce in a research note on Monday, May 18th. They issued an “underperform” rating and a $160.00 target price on the stock. B. Riley Financial upped their price target on shares of Salesforce from $205.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Erste Group Bank raised shares of Salesforce from a “hold” rating to a “buy” rating in a research report on Wednesday, August 5th. BTIG Research restated a “buy” rating and set a $255.00 price objective on shares of Salesforce in a research note on Tuesday, May 26th. Finally, DA Davidson decreased their target price on shares of Salesforce from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $250.85.
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Salesforce Price Performance
Shares of CRM opened at $193.20 on Thursday. Salesforce has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The firm’s 50-day simple moving average is $170.96 and its two-hundred day simple moving average is $182.38. The stock has a market cap of $158.23 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 1.07 and a beta of 1.16. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79.
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