Salesforce Inc (CRM) – it’s time to buy. Check out key Indicators

In yesterday’s Wall Street session, Salesforce Inc (NYSE:CRM) shares traded at $210.01, down -0.69% from the previous session.

As of this writing, 51 analysts cover Salesforce Inc (NYSE:CRM). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $340.00 and a low of $159.00, we find $255.00. Given the previous closing price of $211.47, this indicates a potential upside of 20.58 percent. CRM stock price is now 0.50% away from the 50-day moving average and 4.28% away from the 200-day moving average. The market capitalization of the company currently stands at $204.34B.

There are 15 analysts who have given it a hold rating, whereas 31 have given it a buy rating. Brokers who have rated the stock have averaged $256.15 as their price target over the next twelve months.

With the price target reduced from $268 to $232, Piper Sandler Downgraded its rating from Overweight to Neutral for Salesforce Inc (NYSE: CRM).

In other news, Benioff Marc, Chair and CEO sold 15,000 shares of the company’s stock on Nov 09. The stock was sold for $3,158,788 at an average price of $210.59. Upon completion of the transaction, the Chair and CEO now directly owns 14,951,166 shares in the company, valued at $3.14 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08, Chair and CEO Benioff Marc sold 15,000 shares of the business’s stock. A total of $3,168,425 was realized by selling the stock at an average price of $211.23. This leaves the insider owning 14,966,166 shares of the company worth $3.14 billion. Insiders disposed of 3,081,640 shares of company stock worth roughly $647.18 million over the past 1 year. A total of 3.29% of the company’s stock is owned by insiders.

Thursday morning saw Salesforce Inc (NYSE: CRM) opened at $213.57. During the past 12 months, Salesforce Inc has had a low of $126.34 and a high of $238.22. As of last week, the company has a debt-to-equity ratio of 0.24, a current ratio of 0.93, and a quick ratio of 0.93. According to the stock market information, the enterprise value for the company is $204.74B, which is based on a 131.52 price-to-earnings ratio, a 4.99 price-to-earnings-growth ratio, and a beta of 1.17. The fifty day moving average price for CRM is $208.98 and a two-hundred day moving average price translates $201.38 for the stock.

The latest earnings results from Salesforce Inc (NYSE: CRM) was released for Jul, 2023. The net profit margin was 4.77% and return on equity was 2.67% for CRM. The company reported revenue of $8.6 billion for the quarter, compared to $7.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.44 percent.

Salesforce Inc(CRM) Company Profile

Salesforce, Inc. provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company’s service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and relationship intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer service and support at scale. In addition, its platform offering comprise a flexible platform that enables companies of various sizes, locations, and industries to build business apps with drag-and-drop tools; online learning platform that allows anyone to learn in-demand Salesforce skills; and Slack, a system of engagement. The company’s marketing services enables companies to plan, personalize, and optimize customer marketing journey and real time personalization and optimization; and commerce services, which empowers shopping experience across various points of commerce, such as mobile, web, social, and stores and provides click-to-code tools that offers customers to build and deploy solutions. Further, its analytics offering includes Tableau, an end-to-end analytics solution for range of enterprise use cases and intelligent analytics with advanced AI models, spot trends, predict outcomes, timely recommendations, and take action from any device; and integration service including MuleSoft, an easy to connect data from any system to deliver connected experiences. Additionally, the company provides genie customer data cloud, a hyperscale real-time data platform that powers the customer 360 platform; vertical services to meet the needs of customers in industries, such as financial services, healthcare and life sciences, manufacturing and others; and offers salesforce easy for small and medium-sized businesses. Salesforce, Inc. was incorporated in 1999 and is headquartered in San Francisco, California.

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