In a report released today, Brad Zelnick from Credit Suisse maintained a Buy rating on Salesforce (CRM), with a price target of $260.00. The company’s shares closed last Friday at $218.41.
According to TipRanks.com, Zelnick is a 5-star analyst with an average return of 18.4% and a 76.8% success rate. Zelnick covers the Technology sector, focusing on stocks such as Zoom Video Communications, Palantir Technologies, and ZoomInfo Technologies.
Salesforce has an analyst consensus of Moderate Buy, with a price target consensus of $274.56, representing a 19.7% upside. In a report issued on February 16, Jefferies also reiterated a Buy rating on the stock with a $320.00 price target.
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Salesforce’s market cap is currently $212.1B and has a P/E ratio of 61.80. The company has a Price to Book ratio of 22.53.
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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.
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