Salesforce price is set at $136.34 on January 6, 2023, 5:11 am New York Home Exchange. The document belongs to the “Application Software” segment.
In a complex review process, our firm’s analysts rated Salesforce based on a total of 7 evaluation criteria. All individual criteria lead to a classification such as “Buy”, “Hold” or “Sell”. From this, an overall share ranking is calculated into the final overall rating.
1. Technical Analysis: The current Salesforce price of $136.34 is a “sell” signal within -17.69% of the GD200 ($165.64) from a technical chart evaluation perspective. In contrast, the GD50, which quantifies the average price trend over 50 days, shows a price of USD 143.74. This means that there is a “sell” signal for the stock price, as the gap is -5.15%. The bottom line is that Salesforce’s stock price is priced as a “Sell” based on the 50- and 200-day average.
2. Analyst Rating: Research analysts have given Salesforce stock the following overall ratings over the past twelve months: 28 buy, 4 hold, and 1 sell ratings. From this we derive a “buy” for the long-term classification. In the short term this picture emerges: within a month there are 1 buy estimate, 0 hold and 0 sell. However, this does mean that the action is ultimately classified as a “buy.” The target price for Salesforce stock once again averages $210.47. Since the last closing price was $136.34, this translates into an expected price evolution of 54.37%. This is linked to the “Buy” rating. Therefore, the analyst rating for Salesforce stock as a whole is “Buy.”
3. Fundamental: The lower a stock’s price/earnings (P/E) ratio, the cheaper it appears at first glance. Growth stocks tend to have higher P/E ratios. With a score of 705.6, Salesforce is above the industry average. The exact gap is currently 393 percent with an average P/E ratio for the software industry of 143.04. Due to the relatively high price/earnings ratio, the stock can be described as “expensive” and therefore receives a “sell” based on fundamental criteria.
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