Wells Fargo Keeps Their Hold Rating on Salesforce (CRM)
In a report released yesterday, Michael Turrin from Wells Fargo maintained a Hold rating on Salesforce (CRM – Research Report), with a price target of $255.00. The company's shares closed yesterday at $277.19.
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According to TipRanks, Turrin is a 3-star analyst with an average return of 0.9% and a 51.80% success rate. Turrin covers the Technology sector, focusing on stocks such as Salesforce, ServiceNow, and Adobe.
Currently, the analyst consensus on Salesforce is a Moderate Buy with an average price target of $350.88, a 26.58% upside from current levels. In a report released yesterday, UBS also maintained a Hold rating on the stock with a $300.00 price target.
The company has a one-year high of $369.00 and a one-year low of $212.00. Currently, Salesforce has an average volume of 6.66M.
Based on the recent corporate insider activity of 233 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. Last month, R DAVID SCHMAIER, the Chief Product & Impact Officer of CRM sold 6,959.00 shares for a total of $1,762,714.70.
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