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.
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.
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