In a report released today, Brian Peterson from Raymond James maintained a Buy rating on Salesforce (CRM). The company’s shares closed last Wednesday at $247.68.
According to TipRanks.com, Peterson is a top 25 analyst with an average return of 35.1% and a 74.6% success rate. Peterson covers the Technology sector, focusing on stocks such as Duck Creek Technologies, Inc., ZoomInfo Technologies, and BigCommerce Holdings.
Salesforce has an analyst consensus of Strong Buy, with a price target consensus of $283.60, a 7.5% upside from current levels. In a report issued on November 23, KeyBanc also initiated coverage with a Buy rating on the stock with a $310.00 price target.
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Salesforce’s market cap is currently $234.8B and has a P/E ratio of 101.40. The company has a Price to Book ratio of 31.42.
Based on the recent corporate insider activity of 404 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRM in relation to earlier this year.
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.
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.