3 days ago
Citi Keeps Their Hold Rating on Salesforce (CRM)
In a report released today, Tyler Radke from Citi maintained a Hold rating on Salesforce (CRM – Research Report), with a price target of $295.00. The company's shares opened today at $263.59.
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According to TipRanks, Radke is a 4-star analyst with an average return of 6.4% and a 52.80% success rate. Radke covers the Technology sector, focusing on stocks such as Microsoft, Adobe, and Autodesk.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Salesforce with a $352.26 average price target, which is a 33.64% upside from current levels. In a report released today, Wells Fargo also maintained a Hold rating on the stock with a $275.00 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 6.76M.
Based on the recent corporate insider activity of 230 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, Srinivas Tallapragada, the Chief Eng of CRM sold 9,742.00 shares for a total of $2,467,648.60.
