salesforce.com, inc. Price Target Cut to $65.00 (CRM)
Equities researchers at Maxim Group decreased their price objective on shares of salesforce.com, inc. (NYSE:CRM) from $70.00 to $65.00 in a research report issued on Friday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Maxim Group’s price objective would suggest a potential upside of 26.41% from the stock’s previous close.
A number of other firms have also recently commented on CRM. Analysts at Bank of America reiterated a “buy” rating on shares of salesforce.com, inc. in a research note on Tuesday. They now have a $73.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of salesforce.com, inc. from a “sell” rating to a “neutral” rating in a research note on Monday. Finally, analysts at Deutsche Bank upgraded shares of salesforce.com, inc. from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. They now have a $65.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $68.03.
salesforce.com, inc. (NYSE:CRM) opened at 51.42 on Friday. salesforce.com, inc. has a 1-year low of $36.09 and a 1-year high of $67.00. The stock has a 50-day moving average of $53.95 and a 200-day moving average of $56.45. The company’s market cap is $31.374 billion.
salesforce.com, inc. (NYSE:CRM) last released its earnings data on Thursday, February 27th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.01. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company posted $0.51 earnings per share. salesforce.com, inc.’s revenue was up 37.2% compared to the same quarter last year. On average, analysts predict that salesforce.com, inc. will post $0.50 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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