Salesforce (NYSE:CRM – Get Free Report) had its price objective upped by equities research analysts at Morgan Stanley from $185.00 to $235.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the CRM provider’s stock. Morgan Stanley’s price objective would suggest a potential downside of 0.02% from the company’s current price.
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Several other analysts also recently commented on CRM. Canaccord Genuity Group reissued a “buy” rating and issued a $225.00 target price on shares of Salesforce in a research report on Tuesday. Wall Street Zen lowered shares of Salesforce from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Wolfe Research cut shares of Salesforce from an “outperform” rating to a “hold” rating in a report on Wednesday, July 1st. Jefferies Financial Group reissued a “buy” rating on shares of Salesforce in a research report on Thursday. Finally, B. Riley Financial raised 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. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.28.
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Salesforce Stock Up 14.3%
CRM opened at $235.05 on Thursday. The company has a market capitalization of $192.51 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 1.11 and a beta of 1.16. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. Salesforce has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The business has a 50-day moving average of $177.13 and a 200-day moving average of $181.60.
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