Stifel Nicolaus analyst J. Parker Lane maintained a Buy rating on Salesforce (CRM – Research Report) today and set a price target of $350.00. The company’s shares closed last Friday at $294.32.
Parker Lane covers the Technology sector, focusing on stocks such as Salesforce, Adobe, and Intapp. According to TipRanks, Parker Lane has an average return of -3.5% and a 41.26% success rate on recommended stocks.
Currently, the analyst consensus on Salesforce is a Moderate Buy with an average price target of $338.06, which is a 14.86% upside from current levels. In a report released today, Needham also maintained a Buy rating on the stock with a $345.00 price target.
CRM market cap is currently $285.5B and has a P/E ratio of 70.02.
Based on the recent corporate insider activity of 412 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Salesforce (CRM) Company Description:
salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.
