Salesforce Inc (CRM)

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Salesforce.com (NYSE:CRM) Given a $320.00 Price Target by Jefferies Financial Group Analysts
By: MarketBeat | December 18, 2020

salesforce.com (NYSE:CRM) received a $320.00 price target from investment analysts at Jefferies Financial Group in a research note issued on Friday, Analyst Ratings Network reports. The brokerage presently has a "buy" rating on the CRM provider's stock. Jefferies Financial Group's price objective would indicate a potential upside of 41.64% from the company's previous close.

Other research analysts also recently issued research reports about the stock. Cowen increased their price objective on shares of salesforce.com from $210.00 to $270.00 and gave the company an "outperform" rating in a report on Wednesday, August 26th. Morgan Stanley dropped their price objective on shares of salesforce.com from $275.00 to $270.00 and set an "equal weight" rating for the company in a report on Thursday, December 3rd. Canaccord Genuity increased their price objective on shares of salesforce.com from $200.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, August 26th. Oppenheimer reissued a "buy" rating and set a $265.00 price objective on shares of salesforce.com in a report on Wednesday, December 2nd. Finally, OTR Global raised shares of salesforce.com to a "positive" rating in a report on Thursday, November 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-eight have assigned a buy rating and three have assigned a strong buy rating to the stock. The stock presently has an average rating of "Buy" and a consensus target price of $260.97.

Shares of CRM stock opened at $225.92 on Friday. salesforce.com has a 52-week low of $115.29 and a 52-week high of $284.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $206.72 billion, a PE ratio of 58.99, a PEG ratio of 5.62 and a beta of 1.21. The stock has a fifty day simple moving average of $241.75 and a two-hundred day simple moving average of $223.37.

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