The Vetr community on Friday Downgraded Salesforce.com, Inc CRM from 3 stars (Hold) to 2.5 stars (Sell). The Vetr crowd was overwhelmingly bearish, with 90 percent of Vetr users giving the stock a Sell rating and 10 percent a Hold.
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At time of publication, Salesforce shares were trading at $122.50. The Vetr crowd is extremely bearish in the long run, with an aggregated price target of $116.01 implying a 5.3 percent downside.
This bearish outlook contrasted with analyst sentiment. Among analysts, the 12-month consensus price target for Salesforce is currently at $133.50.
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