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
| Holder | Shares | Date Reported | Percentage | Value |
|---|---|---|---|---|
| Vanguard Group, Inc. (The) | 80,449,523 | 2022-09-29 | 8% | $11,693,740,071 |
| Blackrock Inc. | 68,810,159 | 2022-09-29 | 7% | $10,001,900,367 |
| State Street Corporation | 44,825,733 | 2022-09-29 | 4% | $6,515,644,228 |
| FMR, LLC | 43,002,864 | 2022-09-29 | 4% | $6,250,681,112 |
| Price (T.Rowe) Associates Inc | 30,387,162 | 2022-09-29 | 3% | $4,416,925,802 |
| Morgan Stanley | 18,854,824 | 2022-09-29 | 2% | $2,740,642,861 |
| 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.
