New Buy Rating for Salesforce (CRM), the Technology Giant

Truist Financial analyst Terry Tillman reiterated a Buy rating on Salesforce today and set a price target of $280.00.

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According to TipRanks, Tillman is an analyst with an average return of -8.5% and a 35.81% success rate. Tillman covers the Technology sector, focusing on stocks such as Shopify, Manhattan Associates, and Salesforce.

In addition to Truist Financial, Salesforce also received a Buy from Goldman Sachs’s Gabriela Borges in a report issued today. However, yesterday, Monness maintained a Hold rating on Salesforce (NYSE: CRM).

Based on Salesforce’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $11.2 billion and a net profit of $1.94 billion. In comparison, last year the company earned a revenue of $9.99 billion and had a net profit of $1.71 billion

Based on the recent corporate insider activity of 288 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CRM in relation to earlier this year. Last month, NEELIE KROES, a Director at CRM sold 3,893.00 shares for a total of $929,259.10.