Salesforce Inc. (NYSE:CRM – Get Free Report) shares shot up 3.1% on Friday . The stock traded as high as $194.70 and last traded at $192.4810. Approximately 10,809,702 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 13,748,442 shares. The stock had previously closed at $186.77.
Wall Street Analysts Forecast Growth
CRM has been the topic of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price target on shares of Salesforce in a research note on Thursday, May 28th. Macquarie Infrastructure lowered their price objective on shares of Salesforce from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. Sanford C. Bernstein dropped their target price on Salesforce from $194.00 to $173.00 and set an “underperform” rating on the stock in a research report on Thursday, May 28th. B. Riley Financial lifted their price target on shares of Salesforce from $205.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, UBS Group reaffirmed an “equal weight” rating on shares of Salesforce in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $249.51.
View Our Latest Analysis on Salesforce
Salesforce Price Performance
The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $157.64 billion, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 1.04 and a beta of 1.16. The company has a 50-day simple moving average of $171.20 and a two-hundred day simple moving average of $183.19.
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