Alert: Rating Downgrade (12/1/23)-SALESFORCE INC (NYSE: CRM).


Stock Rating Downgrade

Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for SALESFORCE INC (NYSE: CRM) weakened of late. CRM’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.


Recent Price Action

SALESFORCE INC (NYSE: CRM) stock enjoyed a large increase of 3.2% on 12/1/23. The stock closed at $260.00. Moreover, trading volume in this advance was exceptionally high at 296% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 16.2% during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, CRM is expected to continue to be an important Value Builder.

SALESFORCE INC has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. SALESFORCE INC has a slightly negative Appreciation Score of 38 but a good Power Rating of 84, resulting in the High Neutral Value Trend Rating.

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