The Ratings Game: Salesforce stock carves out new records as analyst lovefest continues

Salesforce.com Inc. shares have been trading at their highest-ever levels after more than two-thirds of the analysts who cover the customer-relations management software hiked their price targets on the stock following another strong earnings report.

Salesforce CRM, +2.08% shares closed up 2.1% at a record high of $121.92 on Friday, after touching an all-time intraday high of $122.47 Thursday. Salesforce shares are up more than 19% in 2018 and more than 47% over the past 12 months, compared with a 0.6% year-to-date gain on the S&P 500 index SPX, +0.51% which is up 13% over the past 12 months.

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