salesforce.com inc. Price Target Increased to $70.00 by Analysts at Canaccord Genuity (CRM)
Stock analysts at Canaccord Genuity lifted their price target on shares of salesforce.com inc. (NYSE:CRM) from $65.00 to $70.00 in a report issued on Friday, Analyst Ratings News reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price points to a potential upside of 18.22% from the company’s current price.
A number of other analysts have also recently weighed in on CRM. Analysts at UBS AG initiated coverage on shares of salesforce.com inc. in a research note to investors on Monday, December 23rd. They set an “underperform” rating and a $54.24 price target on the stock. Separately, analysts at BMO Capital Markets initiated coverage on shares of salesforce.com inc. in a research note to investors on Monday, December 23rd. They set an “outperform” rating and a $62.00 price target on the stock. Finally, analysts at Wells Fargo & Co. reiterated a “positive” rating on shares of salesforce.com inc. in a research note to investors on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating to the company. salesforce.com inc. has an average rating of “Buy” and a consensus target price of $79.30.
salesforce.com inc. (NYSE:CRM) opened at 59.21 on Friday. salesforce.com inc. has a 1-year low of $36.09 and a 1-year high of $59.85. The stock’s 50-day moving average is $54.24 and its 200-day moving average is $50.00. The company’s market cap is $35.704 billion.
salesforce.com inc. (NYSE:CRM) last announced its earnings results on Monday, November 18th. The company reported $0.09 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.09. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 36.5% on a year-over-year basis. On average, analysts predict that salesforce.com inc. will post $0.34 earnings per share for the current fiscal year.
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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