At the time of writing, Salesforce Inc [CRM] stock is trading at $341.73, up 6.14%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CRM shares have gain 14.67% over the last week, with a monthly amount glided 18.62%, 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.
For the past year, the stock price of Salesforce Inc fluctuated between $208.84 and $322.81. Currently, Wall Street analysts expect the stock to reach $272.4 within the next 12 months. Salesforce Inc [NYSE: CRM] shares were valued at $341.73 at the most recent close of the market. An investor can expect a potential drop of -20.29% 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 0.76% with Operating Profit Margin at 0.18%, 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 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.16.
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 329.69 points at the first support level, and at 317.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 349.32, and for the 2nd resistance point, it is at 356.92.
Ratios To Look Out For
It is important to note that Salesforce Inc [NYSE:CRM] has a current ratio of 0.95. Further, the Quick Ratio stands at 0.95, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 9.28, the price to book ratio is 5.68 and price to earnings (TTM) ratio is 59.50.
Transactions by insiders
Recent insider trading involved Harris Parker, Co-Founder and CTO, Slack, that happened on Nov 05 ’24 when 3970.0 shares were sold. EVP & Chief Accounting Officer, Reddy Sundeep G. completed a deal on Nov 01 ’24 to sell 500.0 shares. Meanwhile, Officer SUNDEEP REDDY bought 500.0 shares on Nov 01 ’24.
