Salesforce Inc [NYSE: CRM] stock went on an upward path that rose over 1.40% on Tuesday, amounting to a one-week price decrease of less than -2.11%.
Over the last 12 months, CRM stock rose by 19.22%. The one-year Salesforce Inc stock forecast points to a potential upside of 19.39. The average equity rating for CRM stock is currently 1.60, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $309.63 billion, with 956.00 million shares outstanding and 932.31 million shares in the current float. Compared to the average trading volume of 5.86M shares, CRM stock reached a trading volume of 5780246 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 $401.36 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 1.60. 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.
Guggenheim have made an estimate for Salesforce Inc shares, keeping their opinion on the stock as Sell, with their previous recommendation back on January 06, 2025. The new note on the price target was released on December 13, 2024, representing the official price target for Salesforce Inc stock. Previously, the target price had yet another raise to $370, while Macquarie analysts kept a Neutral rating on CRM stock. On December 04, 2024, analysts increased their price target for CRM shares from 385 to 425.
The Average True Range (ATR) for Salesforce Inc is set at 8.70, with the Price to Sales ratio for CRM stock in the period of the last 12 months amounting to 8.33. The Price to Book ratio for the last quarter was 5.28, 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 26.08 with Quick ratio for the last quarter at 1.01.
CRM Stock Performance Analysis:
Salesforce Inc [CRM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.11. With this latest performance, CRM shares dropped by -8.82% in over the last four-week period, additionally plugging by 27.95% over the last 6 months – not to mention a rise of 19.22% 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 41.62, with the RSI for the last a single of trading hit 37.80, and the three-weeks RSI is set at 45.71 for Salesforce Inc [CRM]. The present Moving Average for the last 50 days of trading for this stock 333.69, while it was recorded at 322.46 for the last single week of trading, and 282.92 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%.
