Morgan Stanley Maintains a Hold Rating on Salesforce (CRM)

Morgan Stanley analyst Keith Weiss maintained a Hold rating on Salesforce (CRMResearch Report) today and set a price target of $270.00. The company’s shares closed last Thursday at $224.00.

According to TipRanks.com, Weiss is a 5-star analyst with an average return of 18.4% and a 69.2% success rate. Weiss covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Palantir Technologies, and Slack Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Salesforce with a $279.00 average price target, representing a 23.4% upside. In a report issued on November 25, Bernstein also maintained a Hold rating on the stock with a $234.00 price target.

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The company has a one-year high of $284.50 and a one-year low of $115.29. Currently, Salesforce has an average volume of 7.04M.

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salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.