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Salesforce (CRM) Received its Third Buy in a Row

After Wedbush and Morgan Stanley gave Salesforce (NYSE: CRM) a Buy rating last month, the company received another Buy, this time from Monness. Analyst Brian White maintained a Buy rating on Salesforce today and set a price target of $225.00. The company’s shares closed last Tuesday at $160.24, close to its 52-week low of $154.55.

According to TipRanks.com, White is a 5-star analyst with an average return of 11.1% and a 59.1% success rate. White covers the Technology sector, focusing on stocks such as Palantir Technologies, Spotify Technology SA, and Alphabet Class A.

Currently, the analyst consensus on Salesforce is a Strong Buy with an average price target of $238.45, a 42.8% upside from current levels. In a report released today, BMO Capital also maintained a Buy rating on the stock with a $225.00 price target.

See today’s best-performing stocks on TipRanks >>

Salesforce’s market cap is currently $159.3B and has a P/E ratio of 106.74.

Based on the recent corporate insider activity of 357 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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