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Stock Charts AI Power Rank: 5.8
Power Rank trend -> Rising
07/26/2024 16:24:00 EST
Salesforce.com Inc (CRM)
Industry: Software - Application
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, CRM has been trading in a range between $262.78 and $247.35 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
CRM is trading between resistance at $274.46 about 4% to the upside and support at $256.19 -2% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $289.72, about a 10% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Salesforce.com Inc $CRM entered a Green zone 2 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $240.47, a potential down side of -8.47% from the recent price of 262.71. The stock is trading 20.97% (potential upside) below its 52 week high of $317.80 and 36.03 % (potential downside) above its 52 week low of $193.13 - based on the recent price.
Company Summary
Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.
News
| CRM STOCK NOTICE: Salesforce, Inc. (NYSE:CRM) Shareholders are Informed that the Company is being Investigated for Securities Fraud – Contact BFA Law if you Suffered Losses NEW YORK, July 27, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Salesforce, Inc. (NYSE:CRM) for potential violations of the federal securities laws. If you invested in Salesforce, you are encouraged to submit your information at https://www.bfalaw.com/cases-investigations/salesforce-inc. Source: GlobeNewsWire Sat, 27 Jul 2024 07:08:00 -0400 Sentiment: Neutral |
| CRM STOCK ALERT: Salesforce, Inc. Investors are Notified that the Company is being Investigated for Securities Fraud – Contact BFA Law if you Lost Money on Your Investment NEW YORK, NY / ACCESSWIRE / July 26, 2024 / Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Salesforce, Inc. (NYSE:CRM) for potential violations of the federal securities laws. If you invested in Salesforce, you are encouraged to submit your information at https://www.bfalaw.com/cases-investigations/salesforce-inc. Source: Accesswire Fri, 26 Jul 2024 15:33:00 -0400 Sentiment: Neutral |
| Get Your Money Out of These 3 Dow Stocks by 2025 This year, Dow stocks have been all over the place, prompting concerns from investors and analysts alike. Unlike the other two major U.S. stock indices, the S&P 500 and Nasdaq, which are up by a considerable percentage this year, the Dow 30 continues to perform inconsistently. Source: InvestorPlace Fri, 26 Jul 2024 07:10:00 -0400 Sentiment: Negative |
| Salesforce: Data Cloud Defending Market Share And Improved Profitability Salesforce stocks are currently overvalued but present a positive outlook for future revenue growth and free cash flow generation. Despite recent revenue growth declines, the introduction of Data Cloud is expected to sustain growth rates and maintain market share dominance. With an improved profitability outlook and strong FCFF, Salesforce is positioned to benefit from AI industry developments, but waiting for a stock price correction is advised. Source: Seeking Alpha Thu, 25 Jul 2024 07:10:53 -0400 Sentiment: Positive |
| Salesforce's Stock Is Dirt Cheap I firmly believe that the recent dip presents a compelling buying opportunity, as Salesforce's rock-solid fundamentals continue to strengthen. Several robust positive factors indicate that the Q1 post-earnings sell-off was merely an emotional overreaction by the market. My valuation analysis suggests that the stock is significantly undervalued, with upside potential ranging from 20% to 66% under various scenarios. Source: Seeking Alpha Wed, 24 Jul 2024 23:26:41 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 317.8046 52 Week Low: 193.1267 Beta: 1.291 50 Day MA: 253.0334 200 Day MA: 261.6632 Earnings / Revenue Trends Qtr Earnings Growth YOY: 6.8 Qtr Revenue Growth YOY: 0.107 Forward PE: 30.303 Trailing PE: 47.1652