A share price of Salesforce Inc [CRM] is currently trading at $265.99, up 5.37%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CRM shares have gain 4.98% over the last week, with a monthly amount glided 1.58%, and 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 August 29, 2024, when BMO Capital Markets reiterated its Outperform rating and also boosted its price target to $305 from $265. Previously, Oppenheimer reaffirmed its Outperform rating on May 30, 2024, and dropped its price target to $280. On March 21, 2024, KeyBanc Capital Markets initiated with a Sector Weight rating. Robert W. Baird upgraded its rating to a Outperform and increased its price target to $300 on January 11, 2024. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $350 on December 21, 2023. Wells Fargo downgraded its rating to Equal Weight for this stock on December 20, 2023, but kept the price target unchanged to $280. In a note dated December 18, 2023, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $315.
Salesforce Inc experienced fluctuations in its stock price throughout the past year between $193.68 and $318.71. Currently, Wall Street analysts expect the stock to reach $260.8 within the next 12 months. Salesforce Inc [NYSE: CRM] shares were valued at $265.99 at the most recent close of the market. An investor can expect a potential drop of -1.95% based on the average CRM price forecast.
Analyzing the CRM fundamentals
Trailing Twelve Months sales for Salesforce Inc [NYSE:CRM] were 36.47B which represents 8.39% growth. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.19%, 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 0.1 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.16.
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 259.51 points at the first support level, and at 253.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 271.00, and for the 2nd resistance point, it is at 276.02.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Salesforce Inc [NYSE:CRM] is 0.95. Also, the Quick Ratio is 0.95, while the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 6.97, the price to book ratio is 4.42 and price to earnings (TTM) ratio is 46.31.
Transactions by insiders
Recent insider trading involved Harris Parker, Co-Founder and CTO, Slack, that happened on Sep 17 ’24 when 4200.0 shares were sold. President and CLO, Niles Sabastian completed a deal on Sep 11 ’24 to sell 2484.0 shares. Meanwhile, Co-Founder and CTO, Slack Harris Parker sold 2072.0 shares on Sep 11 ’24.
