In a report released today, Brian White from Monness maintained a Buy rating on Salesforce (CRM), with a price target of $275.00. The company’s shares closed last Tuesday at $235.64.
According to TipRanks.com, White is a top 100 analyst with an average return of 33.4% and a 77.7% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Slack Technologies, and Alphabet Class A.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Salesforce with a $275.08 average price target, implying a 16.9% 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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The company has a one-year high of $284.50 and a one-year low of $115.29. Currently, Salesforce has an average volume of 9.55M.
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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.
