Canaccord Genuity analyst David Hynes maintained a Buy rating on Salesforce (CRM) today and set a price target of $270.00. The company’s shares closed last Thursday at $231.08.
According to TipRanks.com, Hynes is a top 25 analyst with an average return of 37.9% and a 79.2% success rate. Hynes covers the Technology sector, focusing on stocks such as Qualtrics International, ZoomInfo Technologies, and BigCommerce Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Salesforce with a $273.78 average price target, which is a 14.8% upside from current levels. 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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