Salesforce stock is trading -24.36% below its average target price of $192.23 after dropping -1.4% during today's morning session. Analysts are giving the large-cap Software company an average rating of buy and target prices ranging from $100 to $385 per share.
The stock has a very low short interest at 1.0%, and a short ratio of 0.86. The company's insiders own 3.25% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 79.8% of Salesforce's shares being owned by this investor type.
Institutions Invested in Salesforce
|Vanguard Group, Inc. (The)||80,449,523||2022-09-29||8%||$11,693,740,071|
|State Street Corporation||44,825,733||2022-09-29||4%||$6,515,644,228|
|Price (T.Rowe) Associates Inc||30,387,162||2022-09-29||3%||$4,416,925,802|
|Geode Capital Management, LLC||16,966,660||2022-09-29||2%||$2,466,188,791|
|Jennison Associates LLC||13,688,506||2022-09-29||1%||$1,989,692,731|
|Fisher Asset Management, LLC||12,725,963||2022-09-29||1%||$1,849,782,297|
|Wellington Management Group, LLP||12,263,009||2022-09-29||1%||$1,782,489,620|
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Salesforce.