Salesforce (NYSE:CRM – Get Free Report)’s stock had its “buy” rating restated by Needham & Company LLC in a note issued to investors on Thursday,Benzinga reports. They currently have a $400.00 price objective on the CRM provider’s stock. Needham & Company LLC’s target price suggests a potential upside of 94.17% from the company’s previous close.
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Several other research firms also recently weighed in on CRM. Oppenheimer reiterated an “outperform” rating on shares of Salesforce in a research note on Thursday, August 20th. Royal Bank Of Canada lowered shares of Salesforce from a “sector perform” rating to a “sector perform” rating in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft set a $315.00 target price on shares of Salesforce in a research note on Tuesday. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Salesforce in a report on Tuesday, July 21st. Finally, TD Cowen reissued a “buy” rating on shares of Salesforce in a report on Friday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Salesforce presently has an average rating of “Moderate Buy” and an average target price of $250.49.
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Salesforce Stock Up 0.2%
Salesforce stock opened at $206.01 on Thursday. The firm’s fifty day moving average price is $177.13 and its two-hundred day moving average price is $181.60. Salesforce has a 1-year low of $146.32 and a 1-year high of $269.11. The firm has a market capitalization of $168.72 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 1.11 and a beta of 1.16. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15.
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