Salesforce Shares Surge 3.1% Amid Analyst Revisions
Salesforce (NYSE:CRM) shares saw an uptick of 3.1% on Friday, reaching a high of $194.70 before closing at $192.48. A total of approximately 10.81 million shares traded hands during mid-day trading.
The stock has received attention from analysts in recent days, with several firms revising their price targets and ratings. Cantor Fitzgerald reaffirmed an 'overweight' rating and set a price target of $250.00 on Salesforce shares. Macquarie Infrastructure lowered its price objective to $190.00 while Sanford C. Bernstein dropped its target price to $173.00.
UBS Group also weighed in, reaffirming an 'equal weight' rating. Two analysts have assigned a Strong Buy rating, 25 have given a Buy rating, 16 have assigned a Hold rating, and four have assigned a Sell rating. The stock currently has an average rating of Moderate Buy with an average price target of $249.51.