• Salesforce (CRM) Analysis: AI Acquisitions, Bullish Outlook, and Key Technical Indicators

  • Nov 8 2024
  • Length: 2 mins
  • Podcast

Salesforce (CRM) Analysis: AI Acquisitions, Bullish Outlook, and Key Technical Indicators

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  • Summary

  • **Salesforce (CRM) Analysis:**

    1. **Current Price and Intraday Trading Range:**
    - Current price: $310.78.
    - Intraday trading range: Not specified in the provided sources, but historical data shows recent highs and lows around $312.19 and $307.53 respectively.

    2. **Pre-market and After-hours Movement:**
    - Not specified in the provided sources.

    3. **Trading Volume vs Average:**
    - Volume: 73,802.00, but average volume is not provided for comparison.

    4. **Recent News or Announcements:**
    - No recent news or announcements in the last 24 hours are mentioned in the provided sources.

    5. **Major Analyst Updates or Price Target Changes:**
    - The median target price from 99 analysts is $289.57, with a high estimate of $365.00 and a low estimate of $220.00.

    6. **Options Flow Activity:**
    - Not specified in the provided sources.

    7. **Related Semiconductor/AI Sector News Affecting Salesforce:**
    - Salesforce has made recent acquisitions in AI, including Airkit.ai and Spiff, indicating a focus on AI-powered customer service applications.

    8. **Key Technical Indicators for Day Trading:**
    - **Support and Resistance Levels:**
    - Classic: R1=300.92, R2=303.91, R3=307.77, PP=297.06, S1=294.07, S2=290.21, S3=287.22.
    - **Market Sentiment:**
    - The stock has a "Very Bullish" technical rating, with a 1-week return of 3.17%, 1-month return of 8.10%, and YTD return of 12.57%.
    - **TTM PE and EPS:**
    - TTM PE: 33.47, TTM EPS: 8.85.

    **Market Sentiment:**
    - The consensus rating is "Buy," with 70 buy ratings, 28 hold ratings, and 1 sell rating.
    - The stock is considered "Very Bullish" based on recent price movements and technical indicators.
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