Canaccord Genuity Reaffirms Buy Rating for Salesforce

Stock analysts at Canaccord Genuity Group reaffirmed their 'buy' rating for Salesforce (NYSE:CRM) in a report released on Tuesday. They maintain a price objective of $225.00, indicating a potential upside of 7.56% from the company's previous close.

This is not the first time analysts have weighed in on Salesforce's stock this month. Earlier in June, Scotiabank downgraded shares of the CRM provider from 'sector outperform' to 'sector perform.' On August 20th, Cantor Fitzgerald reiterated their 'overweight' rating with a $250.00 price target.

Twenty-five analysts have assigned a 'buy' rating to Salesforce's stock, while three have given it a 'sell' rating. The company has an average rating of 'Moderate Buy' and a consensus target price of $248.72.