Atlantic Equities slashes price target on salesforce.com inc. [CRM] – find out why.

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salesforce.com inc. [NYSE: CRM] closed the trading session at $291.42 on 11/23/21. The day’s price range saw the stock hit a low of $288.31, while the highest price level was $296.47. The company report on November 9, 2021 that Salesforce Announces Timing of its Third Quarter Fiscal 2022 Results Conference Call.

Results to be released on November 30, 2021, after market close.


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Salesforce (NYSE: CRM), the global leader in CRM, announced that its third quarter fiscal year 2022 results will be released on Tuesday, November 30, 2021, after the close of the market. The company will host a conference call at 2:00 p.m. (PT) / 5:00 p.m. (ET) to discuss its financial results with the investment community. A live webcast and replay of the event will be available on the Salesforce Investor Relations website at www.salesforce.com/investor.

The stocks have a year to date performance of 30.96 percent and weekly performance of -5.10 percent. The stock has been moved at 26.88 percent over the last six months. The stock has performed -0.85 percent around the most recent 30 days and changed 11.72 percent over the most recent 3-months.

If compared to the average trading volume of 5.33M shares, CRM reached to a volume of 6410557 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about salesforce.com inc. [CRM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CRM shares is $320.54 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CRM stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Atlantic Equities have made an estimate for salesforce.com inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 22, 2021. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on November 16, 2021, representing the official price target for salesforce.com inc. stock. Previously, the target price had yet another raise to $360, while Deutsche Bank analysts kept a Buy rating on CRM stock. On September 24, 2021, analysts increased their price target for CRM shares from 280 to 365.

The Average True Range (ATR) for salesforce.com inc. is set at 5.85, with the Price to Sales ratio for CRM stock in the period of the last 12 months amounting to 12.19. The Price to Book ratio for the last quarter was 4.90, with the Price to Cash per share for the same quarter was set at 9.80. Price to Free Cash Flow for CRM in the course of the last twelve months was 52.47 with Quick ratio for the last quarter at 0.90.

CRM stock trade performance evaluation

salesforce.com inc. [CRM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.10. With this latest performance, CRM shares dropped by -0.85% in over the last four-week period, additionally plugging by 26.88% over the last 6 months – not to mention a rise of 13.11% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CRM stock in for the last two-week period is set at 41.82, with the RSI for the last a single of trading hit 31.53, and the three-weeks RSI is set at 48.42 for salesforce.com inc. [CRM]. The present Moving Average for the last 50 days of trading for this stock 287.47, while it was recorded at 300.09 for the last single week of trading, and 248.35 for the last 200 days.

salesforce.com inc. [CRM]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and salesforce.com inc. [CRM] shares currently have an operating margin of +2.14 and a Gross Margin at +67.27. salesforce.com inc.’s Net Margin is presently recorded at +19.16.

Return on Total Capital for CRM is now 1.03, given the latest momentum, and Return on Invested Capital for the company is 9.42. Return on Equity for this stock inclined to 10.80, with Return on Assets sitting at 6.71. When it comes to the capital structure of this company, salesforce.com inc. [CRM] has a Total Debt to Total Equity ratio set at 15.45. Additionally, CRM Total Debt to Total Capital is recorded at 13.38, with Total Debt to Total Assets ending up at 9.67. Long-Term Debt to Equity for the company is recorded at 13.52, with the Long-Term Debt to Total Capital now at 11.71.

Reflecting on the efficiency of the workforce at the company, salesforce.com inc. [CRM] managed to generate an average of $71,936 per employee. Receivables Turnover for the company is 2.86 with a Total Asset Turnover recorded at a value of 0.35.salesforce.com inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.

Earnings per share (EPS) analysis for salesforce.com inc. [CRM] stock

With the latest financial reports released by the company, salesforce.com inc. posted 1.74/share EPS, while the average EPS was predicted by analysts to be reported at 0.75/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 132.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CRM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for salesforce.com inc. go to 10.73%.

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salesforce.com inc. [CRM]: Insider Ownership positions

There are presently around $226,151 million, or 79.90% of CRM stock, in the hands of institutional investors. The top three institutional holders of CRM stocks are: VANGUARD GROUP INC with ownership of 73,630,768, which is approximately -1.315% of the company’s market cap and around 3.10% of the total institutional ownership; FMR LLC, holding 69,506,662 shares of the stock with an approximate value of $20.26 billion in CRM stocks shares; and BLACKROCK INC., currently with $18.87 billion in CRM stock with ownership of nearly 2.789% of the company’s market capitalization.

Positions in salesforce.com inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 1,321 institutional holders increased their position in salesforce.com inc. [NYSE:CRM] by around 54,209,926 shares. Additionally, 769 investors decreased positions by around 42,290,740 shares, while 228 investors held positions by with 679,528,795 shares. The mentioned changes placed institutional holdings at 776,029,461 shares, according to the latest SEC report filing. CRM stock had 189 new institutional investments in for a total of 11,500,374 shares, while 147 institutional investors sold positions of 11,048,262 shares during the same period.

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