Salesforce (CRM) Gets a Hold Rating from Needham

By Austin Angelo

Needham analyst Scott Berg maintained a Hold rating on Salesforce (CRMResearch Report) today. The company’s shares closed last Monday at $161.57, close to its 52-week high of $167.56.

According to TipRanks.com, Berg is a 5-star analyst with an average return of 16.2% and a 65.5% success rate. Berg covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Ceridian HCM Holding, and Tyler Technologies.

Salesforce has an analyst consensus of Strong Buy, with a price target consensus of $191.50.

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Salesforce’s market cap is currently $125.8B and has a P/E ratio of 134.35. The company has a Price to Book ratio of 7.34.

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