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Inside the Analyst Recommendations for Salesforce stock

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Wall Street analysts’ views on Salesforce stock

In this series, we discussed factors that would help Salesforce (CRM) to reach its ambitious target of $20 billion revenue. We also examined Salesforce’s position in the software space, as compared to Microsoft (MSFT), Oracle (ORCL), IBM (IBM), and SAP (SAP). Now let’s take a look at the market views and metrics of Salesforce.
salesforce analyst recommendation
Among the 47 analyst recommendations on Salesforce’s stock, only one made a “sell” recommendation. As we can see in the chart above, more than 90% of analysts made “buy” recommendations. The remainder made “hold” recommendations.

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Salesforce’s stock price performance

Salesforce’s stock price movement in the last month has been positive. As of January 17, the company’s stock had risen ~6.9%. Amid all the ups and downs in 2016, Salesforce’s stock value has only risen ~2.7%.

Notably, the Wall Street analyst consensus target price for Salesforce was $94.45 per share on January 17, 2017. The median target price was $95 on the same day. Salesforce’s closing price was $75.21 on January 17, 2017. UBS has reiterated its “buy” rating on Salesforce’s stock.

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