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New Buy Rating for Salesforce (CRM), the Technology Giant

Monness analyst Brian White maintained a Buy rating on Salesforce (CRMResearch Report) today and set a price target of $225.00. The company’s shares closed yesterday at $189.59.

According to TipRanks, White is a 5-star analyst with an average return of 13.3% and a 62.21% success rate. White covers the Technology sector, focusing on stocks such as Apple, PagerDuty, and Meta Platforms.

In addition to Monness, Salesforce also received a Buy from Mizuho Securities’s Gregg Moskowitz in a report issued today. However, on August 11, Guggenheim initiated coverage with a Sell rating on Salesforce (NYSE: CRM).

See Insiders’ Hot Stocks on TipRanks >>

CRM market cap is currently $188.6B and has a P/E ratio of 184.01.

Based on the recent corporate insider activity of 343 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.

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