Check Out What Whales Are Doing With CRM
Portfolio Pulse from Benzinga Insights
A 'whale' investor has taken a bullish stance on Salesforce (NYSE:CRM), with 60% of investors opening trades with bullish expectations and 40% with bearish. The whale has been targeting a price range from $200.0 to $240.0 for Salesforce over the last 3 months. Several financial institutions have downgraded their actions on Salesforce but maintained or increased their price targets. The next earnings are expected to be released in 22 days.
August 04, 2023 | 9:22 am
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Salesforce has seen a bullish stance from a 'whale' investor, with a targeted price range of $200-$240. Despite downgrades from financial institutions, price targets have been maintained or increased.
The bullish stance from a major investor, along with maintained or increased price targets from financial institutions, suggests a positive short-term impact on Salesforce's stock. However, the downgrades in actions from these institutions could introduce some uncertainty.
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