BTIG Research Reaffirms 'Buy' Rating for Salesforce with $300 Price Target
Salesforce (NYSE:CRM), a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications, has had its 'buy' rating reaffirmed by BTIG Research in a research note issued on Wednesday. The analysts at BTIG Research have maintained their $300 price target for Salesforce's stock, indicating a potential upside of 16.28% from the current price.
According to MarketBeat data, twenty-seven analysts have issued a 'buy' rating for Salesforce, while three have assigned a 'sell' rating. The company has an average rating of 'moderate buy' with a consensus price target of $266.50.
Salesforce's stock opened at $258 on Wednesday and the company has a market capitalization of $212.33 billion. In its most recent earnings report, Salesforce posted revenue of $11.35 billion for the quarter, surpassing analysts' expectations of $11.33 billion. The company also reported EPS of $5.90, exceeding consensus estimates by $2.63.