Salesforce Stock Plunges 3.9% Amid Mixed Analyst Views
Salesforce Inc. (NYSE:CRM) stock fell by 3.9% during trading on Tuesday, closing at $249.0250 after a low of $245.89. Approximately 15.307 million shares were traded, an increase of 9% from the average session volume.
The company's quarterly earnings results released on August 26th exceeded analyst expectations, with earnings per share (EPS) of $5.90 compared to the estimated $3.27. Revenue for the quarter was $11.35 billion, beating the consensus estimate of $11.33 billion.
Analysts have provided various ratings and price targets for Salesforce stock, ranging from a Strong Buy rating with an average target of $266.50 to a Sell rating. The company's market capitalization stands at $204.95 billion, with a debt-to-equity ratio of 1.02 and a beta of 1.20.