Stock Rating Downgrade
The Value Trend Rating for SALESFORCE INC (NYSE: CRM) weakened during the last several trading days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 7/29/24, SALESFORCE INC (NYSE: CRM) stock declined modestly by -1.6%, closing at $258.59. However, this decline was accompanied by unusually low trading volume at 52% of normal. The stock has performed in line with the market over the last nine months and has risen 4.4% 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 a major Value Builder.
SALESFORCE INC has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. SALESFORCE INC has a neutral Power Rating of 48 and a slightly negative Appreciation Score of 36, with the Negative Value Trend Rating the result.
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