# Salesforce Stock Analysis: Technical Signals Point to Potential Recovery Despite Recent Decline
In this insightful episode, we dive deep into Salesforce's current market position, where the stock has fallen from its 2024 high of $334 to approximately $255. We explore the technical indicators suggesting a potential short-term recovery, with 8-day and 20-day moving averages recently shifting to buy signals despite the stock trading below its 200-day average. Our analysis covers recent insider selling activity, including transactions by the CEO, contrasted with strong institutional ownership exceeding 80%. We break down the overwhelmingly positive analyst sentiment, with 25 of 39 analysts maintaining buy ratings and an average price target of $325, including Wedbush's recent $375 target. The episode also examines Salesforce's latest quarterly performance showing 10% revenue growth and its ambitious $15 billion investment plan for San Francisco. Whether you're a current shareholder or considering an investment, this comprehensive analysis provides crucial insights into where this cloud software leader may be heading through year-end 2024.
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