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BMO Capital announced Salesforce (NYSE:CRM), boosting its stock price target to $118.00 today

In a report released on 11/23/2017 BMO Capital increased the stock price target of Salesforce (NYSE:CRM) from $112.00 to $118.00 reporting a possible upside of 0.15%.

Previously on Wednesday November 22, 2017, BMO Capital Markets released a statement about Salesforce (NYSE:CRM) increased the target price from $112.00 to $118.00. At the time, this indicated a possible upside of 0.11%.

Just yesterday Salesforce (NYSE:CRM) traded 0.93% higher at $102.34. Salesforce’s 50-day moving average is $96.19 and its 200-day moving average is $91.09. The last stock price is up 11.58% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.01% over the same time period. 1,011,859 shares of CRM traded hands, down from an average trading volume of 3,942,460

Recent Performance Chart

Salesforce (NYSE:CRM)

Salesforce has 52 week low of $66.43 and a 52 week high of $102.10 and has a market capitalization of $0.

In addition to BMO Capital reporting its stock price target, a total of 43 brokerages have issued a ratings update on the company. The average stock price target is $97.16 with 16 brokerages rating the stock a strong buy, 26 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On Salesforce (NYSE:CRM), Inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company's service offerings are configured and integrated with other platforms and enterprise applications. The Company delivers its service offerings via Internet browsers and on mobile devices. Its Customer Success Platform is a portfolio of service offerings providing sales force automation, customer service and support, marketing automation, digital commerce, community management, analytics, application development, IoT integration, collaborative productivity tools and its professional cloud services. Its cloud service offerings include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Community Cloud, Analytics Cloud, Salesforce Quip and Salesforce Platform.

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