Stock Rating Downgrade
Recently the Value Trend Rating for SALESFORCE INC (NYSE: CRM) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 1/12/24, SALESFORCE INC (NYSE: CRM) stock rose slightly by 0.2%, closing at $271.93. However, this advance was accompanied by normal trading volume at 83% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 8.2% during the last week.
Current PriceTarget Research Rating
CRM is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
SALESFORCE INC has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. SALESFORCE INC has a slightly negative Appreciation Score of 37 but a very high Power Rating of 88, resulting in the High Neutral Value Trend Rating.
Be the first to comment