At the time of writing, Salesforce Inc [CRM] stock is trading at $270.44, up 2.36%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CRM shares have gain 5.98% over the last week, with a monthly amount glided 2.44%, 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 September 24, 2024, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $325 from $268. Previously, BMO Capital Markets reaffirmed its Outperform rating on August 29, 2024, and elevated its price target to $305. On May 30, 2024, Oppenheimer reiterated its Outperform rating and revised its price target to $280 on the stock. KeyBanc Capital Markets started tracking the stock assigning a Sector Weight rating. Robert W. Baird upgraded its rating to a Outperform and raised its price target to $300 on January 11, 2024. Morgan Stanley upgraded its rating to Overweight for this stock on December 21, 2023, and upped its price target to $350. In a note dated December 20, 2023, Wells Fargo downgraded an Equal Weight rating on this stock but restated the target price of $280.
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 $268.24 within the next 12 months. Salesforce Inc [NYSE: CRM] shares were valued at $270.44 at the most recent close of the market. An investor can expect a potential drop of -0.81% based on the average CRM price forecast.
Analyzing the CRM fundamentals
According to Salesforce Inc [NYSE:CRM], the company’s sales were 36.47B for trailing twelve months, which represents an 8.39% jump. 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 267.00 points at the first support level, and at 263.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 273.17, and for the 2nd resistance point, it is at 275.90.
Ratios To Look Out For
It is important to note that Salesforce Inc [NYSE:CRM] has a current ratio of 0.95. In addition, the Quick Ratio stands at 0.95 and the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 7.09, the price to book ratio is 4.50 and price to earnings (TTM) ratio is 47.08.
Transactions by insiders
Recent insider trading involved BRIAN MILLHAM, Officer, that happened on Sep 24 ’24 when 1663.0 shares were purchased. President and CFO, Weaver Amy E completed a deal on Sep 23 ’24 to sell 942.0 shares. Meanwhile, Pres/Chief Engineering Officer Tallapragada Srinivas sold 942.0 shares on Sep 23 ’24.
