Analysts Love Salesforce Stock and Are Raising Their Price Targets - How to Play CRM

Core Insights - Analysts have been increasing their price targets for Salesforce, Inc. (CRM) stock despite its flat performance over the last month [1][3] - The average price target for CRM is now $320.71, which is approximately 25% higher than its current trading price [4] Price Target Adjustments - 58 analysts surveyed by Yahoo! Finance raised their price targets to $330.06 from $327.38 a month ago [4] - Barchart's mean survey price target increased from $328.52 to $331.71 [4] - AnaChart.com's survey of 35 analysts shows an average price target of $300.06, up from $283.36 a month ago [4] Investment Strategy - A suggested strategy is to sell short out-of-the-money (OTM) put options for income while waiting for the stock to reach its price target [5][6] - For instance, shorting the $245.00 strike price put option could yield an income of $3.75, or $375.00, for an investment of $24,500, resulting in an immediate yield of 1.53% [7] - The premium for this option has decreased to $0.39, allowing for a potential profit of $336 if the option is closed early [8]