(CRM) Received its Third Buy in a Row

After Cowen & Co. and Monness gave (NYSE: CRM) a Buy rating last month, the company received another Buy, this time from Merrill Lynch. Analyst Kash Rangan maintained a Buy rating on today and set a price target of $200. The company’s shares closed yesterday at $150.15.

According to, Rangan is a 5-star analyst with an average return of 12.7% and a 67.3% success rate. Rangan covers the Technology sector, focusing on stocks such as Zoom Video Communications Inc Class A, Cloudera Inc, and DocuSign Inc.

Currently, the analyst consensus on is a Strong Buy with an average price target of $182.68, which is a 21.7% upside from current levels. In a report issued on May 28, Monness also maintained a Buy rating on the stock with a $195 price target.

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The company has a one-year high of $167.56 and a one-year low of $113.60. Currently, has an average volume of 5.33M.

Based on the recent corporate insider activity of 506 insiders, corporate insider sentiment is negative on the stock. Last month, Parker Harris, the Co-Founder and CTO of CRM sold 1,315 shares for a total of $201,905.

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