Salesforce.com stock: buy or sell
Updated on:
Jan 27th, 2021
1
Salesforce.com stock brief
- Salesforce.com stock scarcely moved 0.15% to close at $226.26 on the stock market today, after 3 consecutive sessions in green.
- Looking at the chart, price is drawing an scaled downtrend since last November with lower tops and lower bottoms. this downtrend marked a -16.48% loss.
- Loop Capital published a neutral rating for Salesforce.com on Monday, with a target of $225.00
- Salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide.
Should I buy Salesforce.com stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $CRM stock a buy?
In the current situation of Salesforce.com there is not any eligible buy setup. This doesn't mean $CRM will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Salesforce.com stock?
"To sell or not to sell", if you are holding Salesforce.com shares?. Trading strategies give us the ability us to avoid impulsive decisions based on our feelings or the buzz that surrounds the market. When selling, as well as buying, our strategies are very easy to use and are only applicable for selling shares you already own, not for selling short Salesforce.com stock
A guiding principle is that you should never keep a trading operation that leads to higher than expected losses at the time of purchase. When to sell your stock must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Salesforce.com stock?
Currently, Salesforce.com stock doesn't match any of our preferred sell setups, so if you hold Salesforce.com stock and your operation is in profit probably is not time to sell now
Salesforce.com ratings
In the last 30 days, 4 ratings were published for Salesforce.com
| Brokerage firm | Rating |
|---|---|
| Jan 11th, 2021 | |
| Piper Sandler | Buy → Neutral |
| Jan 15th, 2021 | |
| Credit Suisse Group | Buy |
| Jan 21st, 2021 | |
| The Goldman Sachs Group | |
| Jan 25th, 2021 | |
| Loop Capital | |
Salesforce.com stock analysis
Salesforce.com continues in downtrend since last November, and has lost a -16.48%. Like in all downtrends, the stock oscillates drawing lower highs and lows. In this case, we have seen 2 consecutive lower tops.
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
Since the price broke down the lower band on January 15, the price bounced off by 6.23%. The price is trading very close to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell signal, as price can trade in these levels for many days and weeks
Relative strength index
When the stays for so long below 70 and above 30, without showing moments of overvaluation and undervaluation, the indicator gets of little use, and we are now in such a case.
Salesforce.com stock price history
Salesforce.com started trading on Jun 23rd, 2004 at $3.75 per share1. Since then, CRM stock surged by 5,933.60%, with an average of 370.85% per year. If you had invested $1,000USD in Salesforce.com stock on Jun 2004, it would worth $60,336.00 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Salesforce.com stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
The following table shows the price predictions released by brokerage institutions over the last 30 days. Again, these predictions are not direct recommendations for individual investors and must not be followed blindly.
There are 3 price forecasts released for Salesforce.com that average $242.33. Salesforce.com closed at $226.26 on Tuesday, so the target price is forecasting a growth by 7.10%.
| Brokerage firm | Price target |
|---|---|
| Jan 11th, 2021 | |
| Piper Sandler | $278.00 → $242.00 |
| Jan 15th, 2021 | |
| Credit Suisse Group | $245.00 → $260.00 |
| Jan 21st, 2021 | |
| The Goldman Sachs Group | Not available |
| Jan 25th, 2021 | |
| Loop Capital | $225.00 |
Earnings and financials
Salesforce.com ($CRM) had the financial call and presented the report in early December. Salesforce.com presented earnings of $1.74 per share on revenue of $5.4 billion. The consensus earnings estimate was $0.75 per share on revenue of $5.3 billion.
Compared to the same quarter one year ago, EPS was $0.75, so reported EPS means a gain of 132.00%. Revenue skyrocketed a 20.08% on an annualized basis in the , from $45.1B to $54.2B last quarter.Salesforce.com ($CRM) is hosting the earnings call late next February. Forecasted for this quarter is $0.75, compared to $1.74 that was reported for Q3.
Salesforce.com performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Salesforce.com ($CRM) | -0.90% | -7.80% | 18.50% |
Important:
The opinions given in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this article does not know the particular circumstances of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for general educational motives onlySalesforce.com summary
| Tuesday, January 26th, 2021 | |
|---|---|
| Open | $227.8 |
| Close | $226.26 |
| Day range | $224.54 - $227.91 |
| Previous close | $225.92 |
| Session gain | 0.15% |
| Average true range | $5.93 |
| 50d mov avg | $230.37 |
| 100d mov avg | $240.67 |
| 200d mov avg | $213.47 |
| Earnings date | February 23rd, 2021 |