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Monness Believes Salesforce.com (CRM) Won’t Stop Here


Monness analyst Brian White maintained a Buy rating on Salesforce.com (NYSE: CRM) yesterday and set a price target of $170. The company’s shares opened today at $160, close to its 52-week high of $161.08.

According to TipRanks.com, White is a top 100 analyst with an average return of 19.7% and a 69.1% success rate. White covers the Technology sector, focusing on stocks such as Alphabet Inc, Cloudera Inc, and Oracle Corp.

Salesforce.com has an analyst consensus of Strong Buy, with a price target consensus of $174.39, implying an 9.0% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a $189 price target.

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Salesforce.com’s market cap is currently $121.4B and has a P/E ratio of 158.84. The company has a Price to Book ratio of 8.97.

Based on the recent corporate insider activity of 465 insiders, corporate insider sentiment is negative on the stock.

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.