At the time of writing, Salesforce Inc [CRM] stock is trading at $251.31, down -0.48%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CRM shares have gain 5.15% over the last week, with a monthly amount drifted -1.05%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Salesforce Inc [NYSE: CRM] stock has seen the most recent analyst activity on May 30, 2024, when Oppenheimer reiterated its Outperform rating and also revised its price target to $280 from $325. On January 11, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $300 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $350 on December 21, 2023. Wells Fargo downgraded its rating to a Equal Weight but $280 remained the price target by the analyst firm on December 20, 2023. Wolfe Research upgraded its rating to Outperform for this stock on December 18, 2023, but kept the price target unchanged to $315. In a note dated November 30, 2023, Oppenheimer reiterated an Outperform rating on this stock and boosted its target price from $250 to $275.
For the past year, the stock price of Salesforce Inc fluctuated between $193.68 and $318.71. Currently, Wall Street analysts expect the stock to reach $262.56 within the next 12 months. Salesforce Inc [NYSE: CRM] shares were valued at $251.31 at the most recent close of the market. An investor can expect a potential return of 4.48% based on the average CRM price forecast.
Analyzing the CRM fundamentals
According to Salesforce Inc [NYSE:CRM], the company’s sales were 35.74B for trailing twelve months, which represents an 10.74% jump. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.09 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.17.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 248.86 points at the first support level, and at 246.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 253.93, and for the 2nd resistance point, it is at 256.54.
Ratios To Look Out For
It is important to note that Salesforce Inc [NYSE:CRM] has a current ratio of 1.03. As well, the Quick Ratio is 1.03, while the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 6.81, the price to book ratio is 4.09 and price to earnings (TTM) ratio is 45.20.
Transactions by insiders
Recent insider trading involved Harris Parker, Co-Founder and CTO, Slack, that happened on Aug 09 ’24 when 1400.0 shares were sold. Co-Founder and CTO, Slack, Harris Parker completed a deal on Aug 06 ’24 to sell 2800.0 shares. Meanwhile, Co-Founder and CTO, Slack Harris Parker sold 4200.0 shares on Jul 30 ’24.
