DA Davidson downgrades Salesforce to "underperform," but the stock has strong growth and a buy consensus.

DA Davidson has given Salesforce (CRM) an "underperform" rating with a $200 target price, suggesting a 19% potential downside. Despite this, Salesforce has a "moderate buy" consensus rating and a target price of $358.97. The company saw a 58.1% sales growth in the first quarter. Salesforce, which offers CRM technology, has a market cap of $237.3 billion and recently announced a $0.42 quarterly dividend.