Salesforce Gets Moderate Buy Rating From Analysts

Salesforce Inc. (NYSE:CRM) has been assigned a consensus rating of 'Moderate Buy' from analysts covering the company, according to MarketBeat reports.

Forty-eight analysts have weighed in on CRM, with three giving it a sell rating and fourteen issuing a hold rating.

The majority, however, are bullish on Salesforce, with twenty-eight analysts assigning a buy rating and three going as far as 'strong buy.'

The average 1-year target price among brokers is $267.1250, indicating that the stock could reach this price within the next year.