Salesforce (CRM): New Buy Recommendation for This Technology Giant
RBC Capital analyst Rishi Jaluria maintained a Buy rating on Salesforce (CRM – Research Report) today and set a price target of $420.00. The company's shares closed last Friday at $273.13.
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Jaluria covers the Technology sector, focusing on stocks such as Microsoft, Clearwater Analytics Holdings, and NICE. According to TipRanks, Jaluria has an average return of -9.7% and a 47.31% success rate on recommended stocks.
Currently, the analyst consensus on Salesforce is a Moderate Buy with an average price target of $346.63, representing a 26.91% upside. In a report released today, Goldman Sachs also reiterated a Buy rating on the stock with a $340.00 price target.
CRM market cap is currently $262.1B and has a P/E ratio of 42.93.
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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