Salesforce (NYSE:CRM – Get Free Report)’s stock had its “buy” rating reissued by investment analysts at Needham & Company LLC in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $400.00 target price on the CRM provider’s stock. Needham & Company LLC’s price objective points to a potential upside of 57.13% from the stock’s previous close.
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A number of other equities analysts have also weighed in on the stock. Phillip Securities lowered shares of Salesforce from a “buy” rating to a “hold” rating and lowered their price objective for the company from $253.00 to $166.00 in a research report on Monday, June 29th. HC Wainwright cut shares of Salesforce to a “negative” rating in a research note on Thursday, June 18th. Macquarie Infrastructure lowered their target price on shares of Salesforce from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday, May 28th. TD Cowen boosted their price target on shares of Salesforce from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Finally, Wells Fargo & Company increased their price target on shares of Salesforce from $205.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.50.
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Salesforce Stock Down 1.4%
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