Stock Rating Downgrade
The Value Trend Rating for SALESFORCE INC (NYSE: CRM) weakened in recent days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
SALESFORCE INC (NYSE: CRM) stock closed at $301.73 on 4/8/24 after a slight decline of -0.06%. However, trading volume in this decline was unusually low at 55% of normal. The stock is unchanged during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CRM is expected to continue to be a major Value Builder.
SALESFORCE INC has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. SALESFORCE INC has a slightly negative Appreciation Score of 33 but a very high Power Rating of 91, with the High Neutral Value Trend Rating the result.
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