Merrill Lynch analyst Bradley Sills reiterated a Buy rating on Salesforce (CRM) today and set a price target of $300.00. The company’s shares closed last Monday at $243.30.
According to TipRanks.com, Sills is a 5-star analyst with an average return of 28.0% and a 73.4% success rate. Sills covers the Technology sector, focusing on stocks such as Coupa Software, Veeva Systems, and ServiceNow.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Salesforce with a $275.88 average price target, representing an 11.9% 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 $226.3B and has a P/E ratio of 64.80. The company has a Price to Book ratio of 23.62.
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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.