At the time of writing, Salesforce Inc [CRM] stock is trading at $350.97, down -1.75%. 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 0.62% over the last week, with a monthly amount glided 7.90%, 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 13, 2024, when KeyBanc Capital Markets upgraded its rating to a Overweight but kept the price target unchanged to $440 for it. Previously, Macquarie started tracking the stock with Neutral rating on December 12, 2024, and set its price target to $370. On December 04, 2024, BMO Capital Markets reiterated its Outperform rating and revised its price target to $425 on the stock. Scotiabank started tracking the stock assigning a Sector Outperform rating and suggested a price target of $425 on November 19, 2024. BMO Capital Markets reiterated its recommendation of a Outperform and raised its price target to $385 on November 15, 2024. Northland Capital upgraded its rating to Outperform for this stock on October 02, 2024, but kept the price target unchanged to $400. In a note dated September 24, 2024, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $268 to $325.
For the past year, the stock price of Salesforce Inc fluctuated 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 $350.97 at the most recent close of the market. An investor can expect a potential drop of -3.6% based on the average CRM price forecast.
Analyzing the CRM fundamentals
According to Salesforce Inc [NYSE:CRM], the company’s sales were 37.19B for trailing twelve months, which represents an 8.30% jump. 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 347.64 points at the first support level, and at 344.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 355.76, and for the 2nd resistance point, it is at 360.56.
Ratios To Look Out For
It is important to note that Salesforce Inc [NYSE:CRM] has a current ratio of 1.01. Further, the Quick Ratio stands at 1.01, while the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 9.03, the price to book ratio is 5.73 and price to earnings (TTM) ratio is 57.74.
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.
