Credit Suisse analyst Brad Zelnick reiterated a Buy rating on Salesforce (CRM) today and set a price target of $185.00. The company’s shares closed last Monday at $161.57, close to its 52-week high of $167.56.
According to TipRanks.com, Zelnick is a 5-star analyst with an average return of 15.6% and a 73.4% success rate. Zelnick covers the Technology sector, focusing on stocks such as Zoom Video Communications, Ping Identity Holding, and Slack Technologies.
Salesforce has an analyst consensus of Strong Buy, with a price target consensus of $191.26, representing a 21.9% upside. In a report issued on November 20, Monness also maintained a Buy rating on the stock with a $210.00 price target.
See today’s analyst top recommended stocks >>
Based on Salesforce’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $4 billion and net profit of $91 million. In comparison, last year the company earned revenue of $3.39 billion and had a net profit of $105 million.
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.
Read More on CRM:
