Salesforce Inc [NYSE: CRM] stock went on a downward path that fall over -0.78% on Tuesday, amounting to a one-week price increase of more than 5.25%.
Over the last 12 months, CRM stock rose by 39.08%. The one-year Salesforce Inc stock forecast points to a potential upside of 13.4. The average equity rating for CRM stock is currently 1.56, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $333.82 billion, with 956.00 million shares outstanding and 931.84 million shares in the current float. Compared to the average trading volume of 5.92M shares, CRM stock reached a trading volume of 6007239 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Salesforce Inc [CRM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CRM shares is $402.78 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 1.56. 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.
BMO Capital Markets have made an estimate for Salesforce Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 04, 2024. While these analysts kept the previous recommendation, Scotiabank raised their target price to Sector Outperform. The new note on the price target was released on November 19, 2024, representing the official price target for Salesforce Inc stock. Previously, the target price had yet another raise from $305 to $385, while BMO Capital Markets kept a Outperform rating on CRM stock.
The Average True Range (ATR) for Salesforce Inc is set at 10.11, with the Price to Sales ratio for CRM stock in the period of the last 12 months amounting to 8.98. The Price to Book ratio for the last quarter was 5.70, with the Price to Cash per share for the same quarter was set at 13.33. Price to Free Cash Flow for CRM in the course of the last twelve months was 28.11 with Quick ratio for the last quarter at 1.01.
CRM Stock Performance Analysis:
Salesforce Inc [CRM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.25. With this latest performance, CRM shares gained by 8.35% in over the last four-week period, additionally plugging by 44.74% over the last 6 months – not to mention a rise of 39.08% 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 60.18, with the RSI for the last a single of trading hit 57.30, and the three-weeks RSI is set at 61.67 for Salesforce Inc [CRM]. The present Moving Average for the last 50 days of trading for this stock 311.90, while it was recorded at 358.33 for the last single week of trading, and 279.25 for the last 200 days.
Insight into Salesforce Inc Fundamentals:
Salesforce Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.01 and a Current Ratio set at 1.01.
CRM Stock EPS
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 Inc go to 16.50%.
Salesforce Inc [CRM] Institutonal Ownership Details
There are presently around $82.36%, or 84.59%% of CRM stock, in the hands of institutional investors. The top three institutional holders of CRM stocks are: VANGUARD GROUP INC with ownership of 86.27 million shares, which is approximately 8.8935%. BLACKROCK INC., holding 74.58 million shares of the stock with an approximate value of $$19.17 billion in CRM stocks shares; and BLACKROCK INC., currently with $$12.38 billion in CRM stock with ownership which is approximately 4.9632%.
