Alert: Rating Upgrade (1/5/24)-SALESFORCE INC (NYSE: CRM).

out_logo_500#38552.jpg

Stock Rating Upgrade

The Value Trend Rating for SALESFORCE INC (NYSE: CRM) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.

out_mm#38552.jpg

Recent Price Action

SALESFORCE INC (NYSE: CRM) stock declined slightly by -0.05% on 1/5/24. The stock closed at $251.12. However, unusually low trading volume at 66% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -5.8% during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, CRM is expected to continue to be an important Value Builder.

SALESFORCE INC has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. SALESFORCE INC has a neutral Appreciation Score of 41 but a very high Power Rating of 87, with the Positive Value Trend Rating the result.

Be the first to comment

Leave a Reply

Your email address will not be published.


*