Brokerages Give Salesforce Average Rating of Moderate Buy, Target Price $249.87

Salesforce Inc., the global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications, has received an average rating of 'Moderate Buy' from 47 brokerages that are currently covering the stock. This is according to Marketbeat Ratings.

Out of these 47 brokerages, three have given a sell recommendation, while eighteen have recommended holding onto the stock. Twenty-four brokerages have issued a buy recommendation and two have even given a strong buy recommendation on Salesforce.

The average twelve-month target price among these brokerages is $249.8718. Recently, Monness Crespi & Hardt upped their target price on Salesforce from $200 to $222 and gave the company a 'buy' rating. B. Riley Financial also raised its target price from $205 to $240 and gave the stock a 'buy' rating.

Evercore reiterated an 'outperform' rating on shares of Salesforce in a research note, while Wedbush began coverage on the stock with an 'outperform' rating. Roth Capital restated a 'buy' rating and set a target price of $325 on Salesforce.