Salesforce.com (CRM) Gets a Buy Rating from Wells Fargo


In a report released today, Philip Winslow from Wells Fargo maintained a Buy rating on Salesforce.com (NYSE: CRM). The company’s shares closed yesterday at $154.80, close to its 52-week high of $154.97.

According to TipRanks.com, Winslow is a 5-star analyst with an average return of 13.6% and a 73.8% success rate. Winslow covers the Technology sector, focusing on stocks such as Citrix Systems, Check Point, and Splunk Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Salesforce.com with a $164.55 average price target, which is a 6.3% upside from current levels. In a report issued on August 15, Credit Suisse also reiterated a Buy rating on the stock with a $170 price target.

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Salesforce.com’s market cap is currently $113.6B and has a P/E ratio of 241.88. The company has a Price to Book ratio of 10.27.

Based on the recent corporate insider activity of 450 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.

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