Salesforce Inc. (NYSE:CRM – Get Free Report) shares were up 1.8% during mid-day trading on Wednesday. The company traded as high as $218.23 and last traded at $217.3520. 6,187,291 shares traded hands during trading, a decline of 52% from the average daily volume of 13,012,349 shares. The stock had previously closed at $213.48.
Analyst Upgrades and Downgrades
- 5 Stocks to Buy in November: Bargains Worth Giving Thanks For
CRM has been the subject of several research reports. Raymond James Financial reiterated a “strong-buy” rating on shares of Salesforce in a research report on Thursday, August 27th. TD Cowen began coverage on shares of Salesforce in a research report on Monday, October 12th. They set a “buy” rating on the stock. BMO Capital Markets lifted their price objective on shares of Salesforce from $250.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, September 17th. Truist Financial reaffirmed a “buy” rating and issued a $300.00 target price (up from $280.00) on shares of Salesforce in a report on Thursday, August 27th. Finally, Citigroup reiterated a “market outperform” rating on shares of Salesforce in a research note on Tuesday, October 20th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and an average target price of $278.98.
View Our Latest Stock Analysis on Salesforce
Salesforce Stock Performance
- Buy the Dip: 4 Stocks the Market Marked Down Too Far Ahead of Big Catalysts
The stock’s 50-day moving average is $237.80 and its 200 day moving average is $198.53. The stock has a market cap of $178.88 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 0.98 and a beta of 1.24. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84.
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