Salesforce Inc. (NYSE:CRM – Get Free Report) shares fell 2.2% during mid-day trading on Monday. The company traded as low as $227.81 and last traded at $229.6240. Approximately 6,360,388 shares traded hands during trading, a decline of 54% from the average session volume of 13,849,668 shares. The stock had previously closed at $234.69.
Wall Street Analyst Weigh In
- Follow the Money: 5 AI Stocks Buying Back Shares by the Billions
Several research analysts recently weighed in on the stock. Barclays upped their price objective on shares of Salesforce from $236.00 to $276.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. BTIG Research reissued a “buy” rating and issued a $300.00 price target on shares of Salesforce in a research note on Wednesday, September 2nd. BMO Capital Markets increased their price target on shares of Salesforce from $250.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, September 17th. Weiss Ratings upgraded shares of Salesforce from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, September 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Salesforce in a report on Thursday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and a consensus price target of $275.14.
View Our Latest Stock Report on CRM
Salesforce Stock Down 2.2%
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The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s 50 day moving average price is $222.02 and its 200-day moving average price is $191.78. The company has a market cap of $188.98 billion, a PE ratio of 20.93, a PEG ratio of 1.07 and a beta of 1.26.
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