salesforce.com inc.’s “Buy” Rating Reaffirmed at Raymond James (CRM)
salesforce.com inc. (NYSE:CRM)‘s stock had its “buy” rating reiterated by stock analysts at Raymond James in a report issued on Friday, Analyst Ratings.Net reports. They currently have a $55.00 price objective on the stock. Raymond James’ price objective indicates a potential upside of 10.09% from the company’s current price.
CRM has been the subject of a number of other recent research reports. Analysts at Roth Capital raised their price target on shares of salesforce.com inc. (NYSE:CRM) from $54.00 to $60.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of salesforce.com inc. (NYSE:CRM) in a research note to investors on Friday, September 6th. They now have a $51.00 price target on the stock.
One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $105.42.
Shares of salesforce.com inc. (NYSE:CRM) traded down 0.64% on Friday, hitting $49.64. The stock had a trading volume of 3,351,870 shares. salesforce.com inc. has a 1-year low of $34.76 and a 1-year high of $50.60. The stock’s 50-day moving average is $45. and its 200-day moving average is $42.75. The company’s market cap is $29.585 billion.
salesforce.com inc. (NYSE:CRM) last released its earnings data on Thursday, August 29th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.02. The company had revenue of $957.00 million for the quarter, compared to the consensus estimate of $938.40 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 30.7% on a year-over-year basis. Analysts expect that salesforce.com inc. will post $0.34 EPS for the current fiscal year.
In other salesforce.com inc. news, Chairman Veenendaal Frank Van sold 168,268 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $50.09, for a total value of $8,428,544.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Salesforce.com, inc., is a provider of enterprise cloud computing and social enterprise solutions. The Company provides a customer and collaboration relationship management (NYSE:CRM), applications through the Internet or cloud.
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