In a report released today, Kash Rangan from Goldman Sachs reiterated a Buy rating on Salesforce (CRM – Research Report), with a price target of $325.00. The company’s shares closed yesterday at $209.91.
According to TipRanks, Rangan is a 5-star analyst with an average return of 7.4% and a 58.49% success rate. Rangan covers the Technology sector, focusing on stocks such as ServiceNow, Gitlab, and Microsoft.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Salesforce with a $225.31 average price target, which is a 7.34% upside from current levels. In a report released yesterday, Wedbush also maintained a Buy rating on the stock with a $230.00 price target.
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $213.88 and a one-year low of $126.34. Currently, Salesforce has an average volume of 6.75M.
Based on the recent corporate insider activity of 280 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.
Read More on CRM:
