A share price of Salesforce Inc [CRM] is currently trading at $361.99, up 0.17%. An important factor to consider is whether the stock is rising or falling in short-term value. The CRM shares have gain 9.70% over the last week, with a monthly amount glided 17.95%, 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 December 04, 2024, when BMO Capital Markets reiterated its Outperform rating and also boosted its price target to $425 from $385. Previously, Scotiabank started tracking the stock with Sector Outperform rating on November 19, 2024, and set its price target to $425. On November 15, 2024, BMO Capital Markets reiterated its Outperform rating and revised its price target to $385 on the stock. Northland Capital upgraded its rating to a Outperform but stick to its price target of $400 on October 02, 2024. Piper Sandler upgraded its rating to a Overweight and raised its price target to $325 on September 24, 2024. BMO Capital Markets reiterated a Outperform rating for this stock on August 29, 2024, and upped its price target to $305. In a note dated May 30, 2024, Oppenheimer reiterated an Outperform rating on this stock and revised its target price from $325 to $280.
Salesforce Inc experienced fluctuations in its stock price throughout the past year between $212.00 and $369.00. Currently, Wall Street analysts expect the stock to reach $338.33 within the next 12 months. Salesforce Inc [NYSE: CRM] shares were valued at $361.99 at the most recent close of the market. An investor can expect a potential drop of -6.54% based on the average CRM price forecast.
Analyzing the CRM fundamentals
Trailing Twelve Months sales for Salesforce Inc [NYSE:CRM] were 37.19B which represents 8.30% growth. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.13 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.05.
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 359.67 points at the first support level, and at 357.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 365.73, and for the 2nd resistance point, it is at 369.47.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Salesforce Inc [NYSE:CRM] is 1.01. On the other hand, the Quick Ratio is 1.01, and the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 9.33, the price to book ratio is 5.91 and price to earnings (TTM) ratio is 59.55.
Transactions by insiders
Recent insider trading involved Niles Sabastian, President and CLO, that happened on Nov 26 ’24 when 548.0 shares were sold. Officer, SABASTIAN NILES completed a deal on Nov 26 ’24 to buy 548.0 shares. Meanwhile, President and CRO Milano Miguel sold 719.0 shares on Nov 25 ’24.
