Salesforce Inc [CRM] stock is trading at $284.57, down -1.11%. 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 3.97% over the last week, with a monthly amount glided 16.64%, 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 October 02, 2024, when Northland Capital upgraded its rating to a Outperform but kept the price target unchanged to $400 for it. Previously, Piper Sandler upgraded its rating to Overweight on September 24, 2024, and elevated its price target to $325. On August 29, 2024, BMO Capital Markets reiterated its Outperform rating and revised its price target to $305 on the stock. Oppenheimer reiterated its Outperform rating and decreased its price target to $280 on May 30, 2024. KeyBanc Capital Markets initiated its recommendation with a Sector Weight. Robert W. Baird upgraded its rating to Outperform for this stock on January 11, 2024, and upped its price target to $300. In a note dated December 21, 2023, Morgan Stanley upgraded an Overweight rating on this stock and boosted its target price from $290 to $350.
Salesforce Inc [CRM] stock has fluctuated between $193.68 and $318.71 over the past year. Currently, Wall Street analysts expect the stock to reach $271.38 within the next 12 months. Salesforce Inc [NYSE: CRM] shares were valued at $284.57 at the most recent close of the market. An investor can expect a potential drop of -4.64% based on the average CRM price forecast.
Analyzing the CRM fundamentals
Salesforce Inc [NYSE:CRM] reported sales of 36.47B for the trailing twelve months, which represents a growth of 8.39%. 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 282.58 points at the first support level, and at 280.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 287.37, and for the 2nd resistance point, it is at 290.16.
Ratios To Look Out For
For context, Salesforce Inc’s Current Ratio is 0.95. As well, the Quick Ratio is 0.95, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 7.46, the price to book ratio is 4.73 and price to earnings (TTM) ratio is 49.54.
Transactions by insiders
Recent insider trading involved SCHMAIER R DAVID, Pres. & Chief Product Officer, that happened on Oct 02 ’24 when 1785.0 shares were sold. President and COO, Millham Brian completed a deal on Oct 02 ’24 to sell 8427.0 shares. Meanwhile, Co-Founder and CTO, Slack Harris Parker sold 4200.0 shares on Oct 01 ’24.
