J.P. Morgan analyst Mark Murphy maintained a Buy rating on Salesforce (CRM – Research Report) today and set a price target of $245.00. The company’s shares opened today at $152.72.
Murphy covers the Technology sector, focusing on stocks such as Oracle, Salesforce, and Akamai. According to TipRanks, Murphy has an average return of 8.1% and a 54.96% success rate on recommended stocks.
In addition to J.P. Morgan, Salesforce also received a Buy from KeyBanc’s Michael Turits in a report issued today. However, on November 18, Citigroup maintained a Hold rating on Salesforce (NYSE: CRM).
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The company has a one-year high of $299.27 and a one-year low of $136.04. Currently, Salesforce has an average volume of 7.13M.
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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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