Salesforce Stock: This will soon be on everyone’s lips! ()

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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Should Salesforce Investors Sell Immediately? Or is it worth starting?

How will Salesforce evolve now? Is it worth entering, or should investors rather sell? Discover the answers to these questions and why you need to act now in the latest Salesforce analysis.

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