This Is What Whales Are Betting On Salesforce
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Salesforce (NYSE:CRM), with 70% of the spotted trades being bearish. The targeted price range for Salesforce over the last 3 months is from $100.0 to $230.0. The current price of CRM is up 1.03% at $212.59. Analysts' price targets range from $153 to $250. The next earnings are expected in 54 days.
June 30, 2023 | 3:46 pm
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A significant investor has taken a bearish stance on Salesforce (CRM). The targeted price range for Salesforce over the last 3 months is from $100.0 to $230.0. The current price of CRM is up 1.03% at $212.59. Analysts' price targets range from $153 to $250.
The bearish stance taken by a significant investor, along with the wide range of analysts' price targets, suggests uncertainty and potential downward pressure on Salesforce's stock in the short term. The next earnings release in 54 days could also impact the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100