Shares of Salesforce Inc. (NYSE:CRM – Get Free Report) traded down 2.9% during trading on Monday. The stock traded as low as $221.18 and last traded at $227.1710. Approximately 10,249,747 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 13,953,851 shares. The stock had previously closed at $234.02.
Wall Street Analyst Weigh In
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Several research firms recently weighed in on CRM. BTIG Research reiterated a “buy” rating and issued a $300.00 target price on shares of Salesforce in a report on Wednesday, September 2nd. Argus upped their price target on Salesforce from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, August 31st. Cantor Fitzgerald restated an “overweight” rating and set a $300.00 price target on shares of Salesforce in a research report on Thursday, September 17th. Canaccord Genuity Group lifted their price objective on Salesforce from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, September 17th. Finally, Wells Fargo & Company boosted their price objective on Salesforce from $230.00 to $250.00 and gave the company an “equal weight” rating in a report on Friday, September 18th. Three <a href="https://bitcomme.com/fii-institute-unveils-five-global-innovators-to-present-at-fii10-investment-day/” title=”FII Institute Unveils Five Global Innovators to Present at FII10 Investment Day”>investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $275.14.
View Our Latest Analysis on Salesforce
Salesforce Stock Performance
The stock has a market capitalization of $186.96 billion, a PE ratio of 20.71, a P/E/G ratio of 1.07 and a beta of 1.20. 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 firm’s 50 day moving average is $215.52 and its two-hundred day moving average is $190.55.
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