Salesforce (CRM) Received its Third Buy in a Row
After Oppenheimer and Morgan Stanley gave Salesforce (NYSE: CRM) a Buy rating last month, the company received another Buy, this time from RBC Capital. Analyst Alex Zukin maintained a Buy rating on Salesforce yesterday and set a price target of $230.00. The company’s shares closed last Monday at $181.27.
According to TipRanks.com, Zukin is a top 100 analyst with an average return of 23.0% and a 74.6% success rate. Zukin covers the Technology sector, focusing on stocks such as Zoom Video Communications, Cornerstone Ondemand, and Ceridian HCM Holding.
Currently, the analyst consensus on Salesforce is a Strong Buy with an average price target of $207.17, representing a 9.9% upside. In a report issued on February 11, Morgan Stanley also reiterated a Buy rating on the stock with a $225.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $195.72 and a one-year low of $137.87. Currently, Salesforce has an average volume of 4.68M.
Based on the recent corporate insider activity of 433 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.
Read More on CRM: